Question

The December 31 checkbook balance of the Advance Co. was $5,691.99. The ending bank statement balance was $4,890.18. Checks in the amount of $691.50 were outstanding. The statement failed to reflect a deposit in the amount of $1,433.84. The monthly service charge was $37.65. The bank paid interest on their average balance in the amount of $30.79. It was discovered that the bookkeeper had failed to record a check in the amount of $52.61. The reconciled balance was

Answer 1

$5,632.52

Explanation:

BANK STATEMENT:

$4,890.18 - $691.50 +$1,433.84 = $5,632.52

CHECKING REGISTRY:

$5961.99 - $39.65 + $30.79 - $52.61 = $5632.52

Answer 2

Answer: $5,632.52

Hope this helps :)