Question

Given the information below, show that the adjusted bank balance is equal to the adjusted checkbook balance:  

Balance from bank statement	$5,835.35
Checks Outstanding	$152.75
	$88.18
	$114.03
	$41.10
Deposits not yet recorded	$1,052.05
	$82.81
	$892.29
Bank charge	$8.50
Interest credit	$10.18
Checkbook balance	$7,464.76

(1)Enter new balance from bank statement:

(2)List any deposits made by you and not yet recorded by the bank:

(3)Add all numbers from lines above. Total:

(4)Write total of checks outstanding:

(5) Subtract (4) from (3). Adjusted Bank Balance:

(6) List your checkbook balance:

(7) Write the total of any fees or charges deducted by the bank and Not yet subtracted by you from your checkbook:

(8) Subtract line (7) from line (6)

(9) Enter interest credit: (Add to your checkbook)

(10) Add line (9) to line (8). Adjusted Checkbook Balance:

Answer 1

Adjusted Bank Balance & Adjusted Check Book Balance
					Amount
1	Balance from Bank Statement		5,835.35
2	Add : Deposits not yet recorded by bank
					1,052.05
					82.81
					892.29
3	Total				2,027.15
4	Less : Checks Outstanding
					152.75
					88.18
					114.03
					41.10
			Total		396.06
5	Adjusted Bank Balance		7,466.44
6	Check book Balance			7,464.76
7	Less : Bank Charge			8.50
8	Balance				7,456.26
9	Add : Interest Credit		10.18
10	Adjusted Check Book Balance		7,466.44
	Check				0.00