The World Bank forecasted growth of world trade to be $2\mathrm{.}9\%,$ up from $2\mathrm{.}7\%$ in $2021.$ This change has caused Galapagos Islands Resort to analyze its current financial situation, beginning with reconciling its accounts. Help Galapagos Islands Resort reconcile its balances using the information below.

Balance: $ $8,788\mathrm{.}00$

Checkbook balance: $ $15,252\mathrm{.}00$

Deposit in transit: $ $3,450\mathrm{.}00$

Deposit in transit: $ $6,521\mathrm{.}00$

Service charge: $ $45\mathrm{.}00$

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

Total of notes collected: $ $1,575\mathrm{.}00$

Outstanding check number $1021$: $ $1,260\mathrm{.}00$

Outstanding check number $1022$: $ $714\mathrm{.}00$

Required:

Using the information above, help Galapagos Islands Resort reconcile its balances.

What is the Galapagos Island Resort's reconciled checkbook balance?

What is the reconciled bank balance?

Answer rating: 100% (QA)

To reconcile the balances for Galapagos Islands Resort we need to adjust the checkbook balance based ... View the full answer