Determine the Reconciled Bank Balance Given the Following

question 94

Short Answer

Determine the reconciled bank balance given the following:
The balance per bank statement is $108
The balance per general ledger is $105
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 cheque $350
Deposits in transit, $850
Outstanding cheques amount to $845
This month's service charge amounts to $50
There is a debit memo for cheque printing fees, $25