Ben luna received his bank statement with a $27.04 fee for a bounced check. he has an $815.75 monthly mortgage payment paid through his bank. There was also a $3.00 teller fee and a check printing fee of $3.00. His ATM card fee was $6.40. There was also a $530.50 deposit in transit. The bank shows a balance of $119.17. The bank paid ben $1.23 in interest. Ben checkbook shows a balance of $1,395.28. Check no.234 for $80.30 and check no 235 for $28.55 were outstanding. prepare bens bank reconciliation?
Accepted Solution
A:
Answer:Step-by-step explanation:Ben's checkbook balance : $1,395.28 Bank's balance: $119.17Credited (add) credited (add)Interest : $1.23 Deposit :$530.50 $1,396.51 $649.67Debited (deduct) Debited (deduct)fee for bounced check : $27.04 Outstanding checksMonthly mortgage : $815.75 Check No 234: $80.30teller fee : $3.00 Check No 235: $28.55check printing fee : $3.00 ATM card fee : $6.40 $855.19 $108.85Balance : $541.32 $540.82Reconcile balance of check book and bank statement.