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August 30, 2014

Homework Help: Business Finance

Posted by Terry on Tuesday, January 24, 2012 at 6:28pm.

Please help!!!!!!!!!!!
On November 1, 2009, Broom Company recieved a bank statement that showed a $2950 balance. Broom showed a $4010 checking account balance. The bank didn't return check No. 124 for $1080 and check No. 138 for $720. A $3200 deposit made on October 30 was in transit. The bank charged Broom $12 for check printing and $18 for NSF check. Broom forgot to record a $30 withdrawal at the ATM. The bank also collected a $400 note for Broom. Prepare a bank reconciliation.
I came up with $2210 but it doesn't seem right.

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