Carolyn Crosswell, who banks in New Jersey, wants to balance her checkbook, which shows a balance...

Transcribed Image Text:

Carolyn Crosswell, who banks in New Jersey, wants to balance her checkbook, which shows a balance of $1,028.30. The bank shows a balance of $1,483.43. The following transactions occurred: $175.90 automatic withdrawal to the gas company, $16.30 ATM fee, $8.60 service fee, and $1,066.55 direct deposit from the IRS. Carolyn used her debit card five times and was charged 47 cents for each transaction; she was also charged $4.50 for check printing. A $1,109.88 deposit was not shown on her bank statement. The following checks were outstanding: No. 235, $207.50; No. 237, $275.83; No. 238, $155.52; and No. 239, $57.43. Carolyn received $9.83 interest. Prepare Carolyn's bank reconciliation. (Input all amounts as positive values. Round your answers to 2 decimal places.) Carolyn's checkbook balance Add: IRS refund Interest Deduct: Gas Company ATM fee Service fee Debit Printing Reconciled balance Bank balance Add: Deposit in transit Deduct: Outstanding checks (total) Reconciled balance Carolyn Crosswell, who banks in New Jersey, wants to balance her checkbook, which shows a balance of $1,028.30. The bank shows a balance of $1,483.43. The following transactions occurred: $175.90 automatic withdrawal to the gas company, $16.30 ATM fee, $8.60 service fee, and $1,066.55 direct deposit from the IRS. Carolyn used her debit card five times and was charged 47 cents for each transaction; she was also charged $4.50 for check printing. A $1,109.88 deposit was not shown on her bank statement. The following checks were outstanding: No. 235, $207.50; No. 237, $275.83; No. 238, $155.52; and No. 239, $57.43. Carolyn received $9.83 interest. Prepare Carolyn's bank reconciliation. (Input all amounts as positive values. Round your answers to 2 decimal places.) Carolyn's checkbook balance Add: IRS refund Interest Deduct: Gas Company ATM fee Service fee Debit Printing Reconciled balance Bank balance Add: Deposit in transit Deduct: Outstanding checks (total) Reconciled balance

Answer rating: 100% (QA)

To prepare Carolyns bank reconciliation starting with her checkbook balance of 102830 and comparing ... View the full answer