The following data were taken from Tyrone Tardieff\'s check register for the mon

Question

The following data were taken from Tyrone Tardieff's check register for the month of April. Tyrone's bank reconciliation for March showed one outstanding check, Check No. 78 for $57.00 (written on March 23), and one deposit in transit, Deposit No. 10499 for $96.00 (made on March 30). Checks Deposits Balance Date Item 2011 April I Beginning Balance .... I Deposit No. 10500.. | Check No. 79.... Check No. 80. Deposit No. 10501... 29 Check No. 81... $451.61 $ 15.00 261.32 $175.00 626.61 616.61 355.59 602.87 389.52 247.28 214.35 The following is from Tyrone's bank statement for April: $ 15.00 $ 96.00 261.32 April I Beginning Balance. Check No. 79. Deposit No. 10499 Check No. 80 Automatic Loan .. Deposit No. 10500 20 NSF Check. 20 Service Charge ... 30 Interest 132.00 457.61 $136.00 121.00 217.00 (44.32) 87.68 545.29 525.29 510.29 511.50 20.00 15.00 1.21 Instructions: Prepare a reconciliation of Tyrone's bank account as of April 30. Show both a corrected balance per bank and a corrected balance per books. Assume that any errors or discrepancies you find are Tyrone's fault, not thebank's.

Explanation / Answer

There is a calculation error of 6.3 in books.

Bank account as per books item Checks Deposits Balance Closing balance 389.52 Correction in arithimetic calculation 6.3 383.22 Deposit no.10500 correction 6 389.22 Automatic loan 132 521.22 NSF check 20 501.22 Service charge 15 486.22 Interest 1.21 487.43 Corrected balance 487.43

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