Jill Gracie's current checkbook balance is $8,900.15. She opened up the bank statement and saw the bank's balance at $7,000.10. After reviewing her records with the bank statement, she discovered a deposit on July 1 not recorded on the statement for $9,821.55. A check written for $7,986.05 had not been returned by the bank. This month the company earned interest of $33.10. The bank charged the company $48.10 for printing new checks. Jill also discovered that a check written for $49.55 was not recorded in the check stubs. The reconciled balance is:
A)$8,835.60
B)$8,358.60
C)$8,735.60
D)$8,835.06
E)None of these

Question

Quizplus · Accepted Answer

The reconciled balance is calculated by adjusting the bank's balance with the outstanding deposit and check, and then adjusting Jill's checkbook balance with the interest, bank charge, and unrecorded check. The reconciled balance is $8,835.60.

Jill Gracie's Current Checkbook Balance Is $8,900