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Determine the Reconciled Bank Balance Given the Following

Question 77

Short Answer

Determine the reconciled bank balance given the following:
The balance per bank statement is $ 110.
The balance per general ledger is $107.
There is a credit memo for a note collected,$408.
There is a credit memo for interest earned,$25.
There is a debit memo for a customer's NSF check $350.
Deposits in transit,$850.
Outstanding checks amount to $845.
This month's service charge amounts to $50.
There is a debit memo for check printing fees,$25.
$ ________

Correct Answer:

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$115 [$110...

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