On May 27, You Received Your Bank Statement Showing a Balance

question 27

Multiple Choice

On May 27, you received your bank statement showing a balance of $1,011.18. Your checkbook shows a balance of $1,024.34. Outstanding checks are $225.50 and $388.10. The account earned $88.51. Deposits in transit amount to $705.27, and there is a service charge of $10.00. Calculate the reconciled balance.

• A) $1,384.85
• B) $1,102.85
• C) $859.58
• D) $1,453.18