According to the Portland Business Journal, Jim Houser, a Portland auto specialist, landed a key Small Business Administration appointment. Help Jim reconcile Remington$$s Auto Clinic$$s checkbook and bank balance according to the following:

Interest earned: $ $3,948\mathrm{.}00$

Bank statement balance: $ $18,769\mathrm{.}00$

Checkbook balance: $ $22,385,015\mathrm{.}00$

Deposit in transit: $ $100,656\mathrm{.}00$

Deposit in transit: $ $22,375,000\mathrm{.}00$

ATM card fee: $ $150\mathrm{.}00$

Outstanding check number $10189$: $ $55,678\mathrm{.}00$

Outstanding check number $10192$: $ $15,287\mathrm{.}00$

Outstanding check number $10193$: $ $22,350\mathrm{.}00$

Outstanding check number $10194$: $ $12,297\mathrm{.}00$

Required:

Using the information above, answer the following questions.

What is Remington's Auto Clinic's reconciled checkbook balance?

What is the reconciled bank balance?

Answer rating: 100% (QA)

Answer Lets reconcile Remingtons Auto Clinics checkbook balance and bank balance using the provided ... View the full answer