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11 September, 10:44

On October 31, 2018, your company's records say that the company has $20,419.93 in its checking account. A review of the bank statement shows you have three outstanding checks totaling $8,912.25, and the bank has paid you interest of $27.14 and charged you $22.00 in service charges. The bank statement dated October 31, 2018 would report a balance of: (Round your answer to 2 decimal places.)

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  1. 11 September, 13:54
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    Answer: $29337.32

    Explanation:

    The following can be reduced from the question:

    Balance as per company's ledger = $20,419.93

    Add the outstanding checks = $8912.25

    Add interest = $27.14

    Less the fee charged by the bank = $22.00

    The bank statement dated October 31, 2018 would report a balance of:

    = ($20,419.93 + $8912.25 + $27.14) - $22.00

    = $29337.32
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Home » Business » On October 31, 2018, your company's records say that the company has $20,419.93 in its checking account. A review of the bank statement shows you have three outstanding checks totaling $8,912.25, and the bank has paid you interest of $27.
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