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.
$ ________

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Definitions:

Ingratiation

What people actively do to try to make someone like them.

Need To Belong

The Need To Belong is a fundamental human motivation to form and maintain positive, significant interpersonal relationships.

Membership

The state of being part of a group, club, organization, or any body of individuals with a shared interest or purpose.

Self-Monitoring

The ability to change one’s behavior for different situations.