Reconcile the account by adjusting both the balance from the bank statement and thecheckbook balance to obtain the current balance.GCCESThe current balance based on the statement balance is $The current balance based on the checkbook balance is $Check RegisterBalance $15851.98ChecksOutstandingNumber Amount$93.39$104.01$40.29$1170.45223225227229Bank StatementDeposits notRecordedAmount$58 44$409 92$1967.68Balance: $14837.40Bank Charge: $9 45Interest Credit $22.77

Bank Capital - Bank capital is the balance of a bank's net worth left over after subtracting its…

urrent balance based on the statement balance is $ urrent balance based on the checkbook balance is $ Number Amount $93.39 $104.01 $40.29 $1170.45 223 225 227 229 Bank Statement Amount $58.44 Bank Charge $9.45 $409.92 $1967.68 Balance $14837.40

urrent balance based on the statement balance is $ urrent balance based on the checkbook balance is $ Number Amount $93.39 $104.01 $40.29 $1170.45 223 225 227 229 Bank Statement Amount $58.44 Bank Charge $9.45 $409.92 $1967.68 Balance $14837.40

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter7: Accounting For Cash

Section: Chapter Questions

Problem 2CE

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Concept explainers

Bank Reconciliation Statement

As a commerce student, we all know that every business has to maintain a cash book to maintain all his cash and bank transactions. A cash book is a book which has two columns, one cash column and one bank column.

Question

Reconcile the account by adjusting both the balance from the bank statement and the
checkbook balance to obtain the current balance.
GCCES
The current balance based on the statement balance is $
The current balance based on the checkbook balance is $
Check Register
Balance $15851.98
Checks
Outstanding
Number Amount
$93.39
$104.01
$40.29
$1170.45
223
225
227
229
Bank Statement
Deposits not
Recorded
Amount
$58 44
$409 92
$1967.68
Balance: $14837.40
Bank Charge: $9 45
Interest Credit $22.77

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