Keonte Smith uses her ATM several times a month. Keonte's bank statement shows a balance of $635.52; her checkbook shows a balance of $843.25. The bank paid her $2.65 interest. A $433.74 deposit was not recorded on Keonte's bank statement. She had $9.24 in ATM charges. The following checks were outstanding: No. 315, $35.55; No. 317, $113.60; and No. 318, $83.45. (a) Prepare Keonte's bank reconciliation (b) how often did Keonte use an ATM??
Please show your work
*If u dont know the answer please dont respond* Thanx!!!
2007-10-01 17:39:03 · 2 answers · asked by Anonymous in Business & Finance ➔ Other - Business & Finance
Jus 2 let u no i dont want 2 cheat...I jus wanted 2 compare answers my answer was $836.66....so those wit smart remarks can kiss my ***!!!!!
2007-10-01 18:02:36 · update #1
(a) Prepare Keonte's bank reconciliation
Bal. per bank statement $635.52
Add:
Deposit in transit $433.74
Less:
Outstanding cheques
No. 315 ($35.55)
No. 317 ($113.60)
No. 318 ($83.45)
Adjusted bal. per bank statement $836.66
Bal per cheque book $843.25
Add:
Interest earned $2.65
Less:
ATM charges ($9.24)
Adjusted bal. per cheque book $836.66
(b) how often did Keonte use an ATM?
ATM charges totalled $9.24. Without being told how much the bank charges for each use of the ATM, I can't calculate how often Keonte used the ATM
2007-10-01 20:51:03 · answer #1 · answered by Sandy 7 · 1⤊ 0⤋
So you just want to copy it into your homework?
Cheating I say.
2007-10-01 17:43:03 · answer #2 · answered by Rainman 5 · 2⤊ 0⤋