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Problem - The following data were taken from Tyrone Tardieffs check register for the month of April. Tyrone's bank reconciliation for March showed one outstanding check, Check No. 78 for $57.00 (written on March 23), and one deposit in transit, Deposit No. 10499 for $96.00 (made on March 30).
Date
Item
Checks
Deposits
Balance
2011 April 1
Beginning Balance
$175.00
1
Deposit No. 10500
$451.61
626.61
Check No. 79
$15.00
616.61
4
Check No. 80
261.32
355.59
27
Deposit No. 10501
$247.28
602.87
29
Check No. 81
214.35
389.52
The following is from Tyrone's bank statement for April:
April 1
$136.00
3
121.00
Deposit No. 10499
$96.00
217.00
5
(44.32)
Automatic Loan
132.00
87.68
457.61
545.29
20
NSF Check
20.00
525.29
Service Charge
15.00
510.29
30
Interest
1.21
511.50
Instructions - Prepare a reconciliation of Tyrone's bank account as of April 30. Show both a corrected balance per bank and a corrected balance per books. Assume that any errors or discrepancies you find are Tyrone's fault, not the banks.
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