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

question 45

Short Answer

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?

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Definitions:

Routine Inquiry

A standard or typical request for information regarding a product, service, or procedure, usually in a business context.

General Statement

A broad and non-specific assertion or declaration that applies to many situations or instances.

Main Objective

The primary goal or purpose of an activity, project, or mission.

Building Goodwill

The process of creating positive feelings or attitudes towards oneself or an organization, often by being kind or helpful.