The island company recorded a 300 check for 400 the bank


The checkbook of The Island 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. The Island Company collected $42.33 in interest on the checking account. The Island Company recorded a $300 check for $400. The bank service charge is$14.99. What is the adjusted reconciled balance?

Solution Preview :

Prepared by a verified Expert
Finance Basics: The island company recorded a 300 check for 400 the bank
Reference No:- TGS02686474

Now Priced at $10 (50% Discount)

Recommended (92%)

Rated (4.4/5)