On October 31, 2015, your company's records say that the company has $21,335.83 in its checking account. A review of the bank statement shows you have three outstanding checks totaling $9,666.69, and the bank has paid you interest of $30.59 and charged you $25.00 in service charges. The bank statement dated October 31, 2015 would report a balance of.

$11,671.73

Explanation:

The computation of the bank statement dated October 31,2015 balance is  

Ending balance                     $21,335.83

Less: Outstanding checks   -$9,669.69

Add: Interest received          $30.59  

Less: Service charged           -$25

Reported balance                  $11,671.73

We simply deducted the outstanding checks and service charged and the rest items would be added to the ending balance so that the reported balance could come

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