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The balance in Tech Co.’s checkbook was $1,326.38. The ending balance on the bank statement was $1,595.74. The bank paid them interest in the amount of $5.16 and levied a service charge for $20.00. A $262.50 deposit was in transit and checks totaling $378.70 were still outstanding. The bank collected a note in the amount of $375.00. Tech’s bookkeeper neglected to record a check in the amount of $207.00 in the checkbook. What was Tech’s reconciled bank balance?

A$1,497.54
B$1,479.45

C.$1,749.54

D$1,479.54

Verified Answer :

netlarue98

Answer:

$1479.54

Step-by-step explanation:

CHECKBOOK REGISTER:

$1326.38 - $20.00 + $5.16 + $375.00 - $207.00 = $1479.54

BANK STATEMENT:

$1595.74 + $262.50 - $378.70 = $1479.54

The reconciled bank balance of Tech is $1,497.54.

The calculation of the reconciled bank balance of Tech is determined by using the below formula:

= Ending balance of the bank statement + deposit in transit - outstanding checks

= $1,595.74 + $262.50 - $378.70

= $1,497.54

Therefore the other options are incorrect.

Therefore we can conclude that the reconciled bank balance of Tech is $1,497.54.

Learn more: brainly.com/question/9364800

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