The bank statement of ali co. indicated a current balance of $32,900.10. the current checkbook balance

indicated a balance of $34,509.11. in the reconciliation process a deposit in transit for $6,821.11 was !

discovered. check number 600 for $3,988.33 was outstanding. the statement also revealed an nsf of $110.11

along with interest earned by ali of $1,333.88. the reconciled balance is:

The reconciled balance =32900.10 which tallies with bank balance.

Step-by-step explanation:

Given that the bank statement of Ali Co. indicated a current balance of $32,900.10

But the cheque book balance is only 34509.11

We do reconciliation as follows:

Cheque book balance34509.11

Less: Deposit in transit not cr.6821.11

Net balance27688.00

Add: cheque no 600 not presented3988.33

31676.33

Add: Interest earned by Ali1333.88

Less: NSF110.11

Balance as per bank  32900.10

The reconciled balance =32900.10 which tallies with bank balance.

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step-by-step explanation: