The checkbook of Vance Company had a balance of $2,210.55. The bank statement showed a balance of $4,918.18. The bank collected a $2,000 note minus a $5 service charge. There was a deposit in transit of $610.88. Several checks outstanding totaled $1,196.17. Vance collected $42.33 in interest on the checking account. Vance recorded a $300 check for $400. The bank service charge is $14.99. What is the adjusted reconciled balance?

Question

Quizplus · Accepted Answer

The check record error equals $100. $2,210.55 + $2,000 - $5 + $42.33 + $100 - $14.99 = $4,332.89; $4,918.18 + $610.88 - $1,196.17 = $4,332.89.

The Checkbook of Vance Company Had a Balance of $2,210