Question - Todd Baker received his bank statement on October 1, 2015. According to the statement, Todd has a bank balance of $922.
However, Todd's checkbook shows a balance of $870. Closer observation revealed the following:
1) A deposit of $49 was in transit
2) Check #34 for $41 and check #38 for $56 were outstanding
3) A service charge of $4 had been made against Todd's account
4) Todd wrote check #36 for $31, however, he entered only $30 in his checkbook
Prepare a bank reconciliation statement for Todd.