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Account Reconciliation

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William received his bank statement from Trader's Bank indicating an ending balance of $6,206.55. William's checkbook showed a balance of $5,549.30. William noticed that $759.00 in checks were outstanding. The bank statement reflected an NSF charge in the amount of $86.75 and a monthly service charge of $15.00. The reconciled balance was?

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Solution Summary

This solution explains how to reconcile a bank statement with an account balance.

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The reconciled balance is the same as the bank statement balance with any adjustments for outstanding items.

The original bank statement balance is $6206.55. From ...

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