Using the following information from the bank\'s monthly statement and the physi
ID: 2789393 • Letter: U
Question
Using the following information from the bank's monthly statement and the physician's checkbook information, reconcile the bank's statement with the physician's balance. What is the missing "Deposit Not on Bank Statement" amount? Be prepared to show and justify your work.
INFORMATION ON BANK STATEMENT
Beginning Balance $10,142.10
Total Debits/ Checks $ 8,090.54
Total Credits/Deposits $17,983.18
New Balance $20,034.74
INFORMATION FROM PHYSICIAN'S CHECKING ACCOUNT
Balance $19,307.63
Outstanding Checks $982.16
$823.30
Deposits Not on Bank Statement $__________________
Explanation / Answer
Deposits = Balance of checking account - new balance
= (19307.63+982.16+823.30) - 20034.74
= 21113.09 - 20034.74
= 1078.35
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