The checkbook balance of Lester Co. was $922.55. The bank statement revealed a balance of $3,881.14. The bank statement showed interest earned of $77 and a service charge of $38.22, along with a deposit in transit of $9,555.88. Outstanding checks totaled $6,142.88. The bookkeeper in further analyzing the bank statement noticed a collection of a note by the bank for $6,815.00. Lester Co. forgot to deduct a check for $482.19 during the month. The reconciled balance is:
A) $7,924.14
B) $7,429.18
C) $7,294.14
D) $7,429.14
E) None of these
Correct Answer:
Verified
Q34: Jill Gracie's current checkbook balance is $8,900.15.
Q35: Outstanding checks:
A)Have been paid by the bank
B)Are
Q36: Which of the following results in crediting
Q37: The bank statement of July 31, for
Q38: Jane Co.'s checkbook currently has a balance
Q40: The bank statement of Ali Co. indicated
Q41: Match the following terms with their definitions.
-Credit
Q42: Match the following terms with their definitions.
-Drawer
A)Document
Q43: When you are reconciling a bank statement,
Q44: Match the following terms with their definitions.
-Blank
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