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April 18, 2014

Homework Help: Business Fiance

Posted by Terry on Thursday, January 26, 2012 at 5:09pm.

On November 1, 2009, Broom Company received 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 a NSF check. Broom forgot to record a $30 withdrawal at the ATM. Th bank also collected a $400 note for Broom. Prepare a bank reconciliation.

I came up with $2210 but I don't think that's right.

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