Bev is completing the monthly bank reconciliation for her checking account for the month of October.
The following facts apply:
The balance per the bank on Oct 31st= $3,000
The balance per her checkbook on Oct 31st= $6,000
Deposits in Transit = $2,000
Outstanding Checks = $500
EFT’s ‘into’ her account = $4,000
EFT’s ‘out of’ her account = $5,500
No interest was earned on the account, and there were no bank fees during the month.
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