Ask Question
BusinessBusiness
3 October, 18:45

The bank statement for Mat Co. revealed a balance of $900, and the checkbook balance showed $1,420. Checks outstanding totaled $35. A check printing charge for $5 was on the bank statement. There was a $50 NSF shown on the bank statement. There was a $500 deposit in transit. What is the reconciled balance?

+2
Answers (1)
  1. 3 October, 18:52
    0
    The reconciled balance is $1,365

    Explanation:

    The computation of the reconciled balance is shown below:

    = Bank balance - outstanding checks + deposit in transit

    = $900 - $35 + $500

    = $1,365

    All other items which are mentioned in the question are related to the cash balance. These items would be adjusted either positive or negative in the checkbook balance. After reconciliation, both the cash balance and the bank balance would be equal and balanced
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “The bank statement for Mat Co. revealed a balance of $900, and the checkbook balance showed $1,420. Checks outstanding totaled $35. A check ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Calculate the value of a preferred stock that pays a dividend of $6.50 per share when the market's required yield on similar shares is 14 percent. The value of the preferred stock is $ nothing per share.
Answers (1)
Can you someone answer these for me will be marked brainliest. (Career Management) If you need the passage look up learning for earning chapter 8. Download pdf pdf pdf
Answers (1)
As the economy falls from a peak into a valley in the business cycle, cyclical unemployment should increase, and real gdp should decline. a. true b. false
Answers (1)
George Smyth opened a computer repair business on Apr. 1, 20--. During the first month of operations, the firm had the following transactions. Apr. 1 George Smyth invested $30,000 cash in the business. 2 Paid rent for April, $2,100.
Answers (1)
Global Corporation had 59,000 shares of $20 par value common stock outstanding on July 1. Later that day the board of directors declared a 25% stock dividend when the market value of each share was $29.
Answers (1)
New Questions in Business
Edelman Engines has $11 billion in total assets. Its balance sheet shows $1.1 billion in current liabilities, $7.7 billion in long-term debt, and $2.2 billion in common equity.
Answers (1)
Video quiz the story in the video describes how the ceo of japan airlines, haruka nishimatsu, serves as an example of
Answers (1)
Granting a foreign company the right to manufacture your product your product or to use your firm's trademark in return for a fee is called:
Answers (1)
The paranting style which takes the concerns of all family members into account when making decisions is
Answers (1)
At the beginning of the year, Novak had an inventory of $550000. During the year, the company purchased goods costing $2340000.
Answers (1)
Home » Business » The bank statement for Mat Co. revealed a balance of $900, and the checkbook balance showed $1,420. Checks outstanding totaled $35. A check printing charge for $5 was on the bank statement. There was a $50 NSF shown on the bank statement.
Sign Up Forgot Password?