<p><br/></p><p>Based on the following information, prepare a bank reconciliation to determine the adjusted corrected balance: (input each amount as a positive value) </p><table><tbody><tr class="firstRow"><td width="377" valign="top" style="word-break: break-all;">Bank balance</td><td width="377" valign="top" style="word-break: break-all;">$ 680</td><td width="377" valign="top" style="word-break: break-all;">Account fees </td><td width="377" valign="top" style="word-break: break-all;">$ 12</td></tr><tr><td width="377" valign="top" style="word-break: break-all;">Checkbook balance</td><td width="377" valign="top" style="word-break: break-all;">$ 642</td><td width="377" valign="top" style="word-break: break-all;">ATM withdrawals</td><td width="377" valign="top" style="word-break: break-all;">$ 80</td></tr><tr><td width="377" valign="top" style="word-break: break-all;">Outstanding checks</td><td width="377" valign="top" style="word-break: break-all;">$ 112</td><td width="377" valign="top" style="word-break: break-all;">Deposit in transit</td><td width="377" valign="top" style="word-break: break-all;">$ 60</td></tr><tr><td width="377" valign="top" style="word-break: break-all;">Direct deposits</td><td width="377" valign="top" style="word-break: break-all;">$ 70</td><td width="377" valign="top" style="word-break: break-all;">Interest earned</td><td width="377" valign="top" style="word-break: break-all;">$ 8</td></tr></tbody></table><p><img src="//img.wizedu.com/questions/66f011f0-a5d7-11ec-9c15-91aebf84daa0.png" title="1631539564415809.png" alt="image.png"/></p>

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Based on the following information, prepare a bank reconciliation to determine the adjusted corrected balance

Based on the following information, prepare a bank reconciliation to determine the adjusted corrected balance: (input each amount as a positive value)

Bank balance	$ 680	Account fees	$ 12
Checkbook balance	$ 642	ATM withdrawals	$ 80
Outstanding checks	$ 112	Deposit in transit	$ 60
Direct deposits	$ 70	Interest earned	$ 8

Expert Solution

jeff jeffy answered 2 years ago

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