Question: Chapter 4 Critical Thinking Case 2 Reconciling the Wells' Checking Account Vivian and Rowen Wells are college students who opened their first joint checking account




Chapter 4 Critical Thinking Case 2 Reconciling the Wells' Checking Account Vivian and Rowen Wells are college students who opened their first joint checking account at the American Bank on September 14 , 2020. They've just received their first bank statement for the period ending October 5,2020 . The statement and checkbook ledger are shown in the table below. VIVIAN AND ROWEN WELLS 2128 E. ARBOR ST. DENVER, COLORADO 2. Deduct total checks/withdrawals still outstanding from bank balance Add up deposits not shown on bank statement: 3. Add total deposits still outstanding to bank balance A. Adjusted Bank Balance 4. Ending balance shown in checkbook 5. Deduct any bank service charges for the period 6. Add interest earned for the period B. New Checkbook Balance nearest cent. The effect of the interest earnings would have been a(n) in both bank and checkbook balances. Explain. The input in the box below will not be graded, but may be reviewed and considered by your instructor
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