Calculate the reconciled balance for linda
Course:- Finance Basics
Reference No.:- EM131190298

Expertsmind Rated 4.9 / 5 based on 47215 reviews.
Review Site
Assignment Help >> Finance Basics

Question in description

Linda received her bank statement on January 7, showing a balance of $3,303.72. The balance shown in her checkbook was $2,955.26. Deposits in transit amounted to $353.26 and there was a service charge of $9.00. Outstanding checks were $390.10, $42.68, and $149.10, and the interest earned was $128.84. Find the reconciled balance.

Put your comment

Ask Question & Get Answers from Experts
Browse some more (Finance Basics) Materials
Costs are equal to 20% of the same yearsales. The project net working capital is equal to 10% of the next year's revenue. The tax-rate is 35%. What are the project's net cas
Compare the three (3) current health care financing and funding models (i.e., employee based, government based, and individual based) used with the healthcare delivery syste
Why does an increase in the ratio of current assets to total assets decrease both profits and risk as measured by net working capital? How do changes in the ratio of current l
Maggie has $1,000 worth of credit card debt and tries to pay the minimum balance each month. Sometimes she pays a few days late or forgets to pay at all. But she knows that wo
Ben's Beer Company's management wants to prepare budgets for its limited IPA, Dragon Ale. The firm sells the product for $80 per half keg and has the following expected sale
Describe the characteristics and the overall personality of the brand. Do you think the brand personality of your product would transfer to other cultures? What are the impl
Show that the ex-dividend value of Hema’s equity is consistent with the binomial model. What is the Δ of the equity, when viewed as a call option on the firm’s assets?
On April 30, 2010, one year before maturity, Red Products, Inc. retired $150,000 of 8% bonds payable at 103. The book value of the bonds on April 30 was $144,600. Bond inter