Determine the Reconciled Bank Balance Given the Following

question 18

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.
$ ________

---

Definitions:

Motor Skills

The abilities required to execute physical actions, such as walking, jumping, or writing, which involve the coordination of muscles and the nervous system.

Cross-Cultural Development

The study of how cultural factors influence human development, behaviors, and emotions across different societies.

Gestational Exposure

Exposure of an embryo or fetus to substances or environmental factors during pregnancy, which can affect development and health outcomes.

Cognitive Development

The process of growth and change in intellectual capabilities, influencing how an individual perceives, thinks, and understands the world.