Respuesta :
Answer:
The balance by reconciling the bank statement and the checkbook = $755.12
Step-by-step explanation:
Given:
Checkbook Balance = $763.12
The bank had $10.00 Service Charge .
This means this amount was subtracted from Bank Account but not shown on Checkbook.
The depositor earned $2.00 in interest.
This means + 2.00 Interest was added to Bank Statement but not Checkbook .
There were two outstanding deposits of $20 and $50.
This means - 20.00 was added to Checkbook but not Bank Statement and also - 50.00 was added to Checkbook but not Bank Statement.
There were two outstanding deposits of $20 and $50.
This means + 10.00 was written and subtracted from Checkbook but has not yet gone to the Bank and also + 5.00 was written and subtracted from Checkbook but has not yet gone to the Bank.
Now,
$700.12 = Checkbook Reconciled with Bank Statement.
Therefore,
The true amount in the account as if all deposits and checks and fees and interest had cleared.
Bank Statement
= $700.12 (Interest of $2 and Service Charge of $10 has already been processed) + 20.00 (Deposit by customer that is outstanding) + 50.00 (Deposit by customer that is outstanding) - 10.00 (Check written that has not cleared the bank) - 5.00 (Check written that has not cleared the bank)
= $755.12
∴ Actual Account Balance when outstanding items clear the bank = $755.12 .
