the following information is provided for elli dance company as of january 31, 2025.\n1. bank balance per…

the following information is provided for elli dance company as of january 31, 2025.\n1. bank balance per elli dance companys account with first bank of baltimore: $8969\n2. outstanding deposits: $2600\n3. service charges levied by first bank of baltimore: $40\n4. checkbook balance per elli dance companys records: $10300\n5. first bank of baltimore collected on a promissory note for elli dance in the amount of $425 plus $50 of interest.\nthe total of the promissory note and its interest should be added to the checkbook balance with the description \collection from note\.\n6. elli dance co.s bookkeeper inadvertently recorded a check from customer, danielle johnson for $255. the amount of the check was $145.\nthe difference between the actual check amount and the recorded amount should be added to/subtracted from the checkbook balance, depending on whether the actual check amount was over/under the recorded amount. the description is \depositor error\.\n7. first bank of baltimore incorrectly processed a check for $24 from elise dance supply company against elli dance companys account.\nthe amount of the incorrectly processed check should be added back to the bank balance with the description \bank error\.\n8. the following checks issued by elli dance company were not yet cashed as of january 31, 2025:\nck # 1106 $426\nck # 1112 $542\n\nprepare a bank reconciliation.\n\nelli dance company\nbank reconciliation\njanuary 31, 2025\n\ncheckbook balance\n10300\nadd:\ncollection from note\n475.00\ndepositor error\n110.00\ntotal addition\n585.00\ndeduct:\nservice charges\n40.00\ndepositor error\n110.00\ntotal deduction\n150.00\nadjusted checkbook balance\n10025.00\n\nbank balance\n8969\nadd:\noutstanding deposits\n2600.00\nbank error\n24.00\ntotal addition\n2624.00\ndeduct:\noutstanding check #1106\n426.00\noutstanding check #1112\n542.00\ntotal deductions\n968.00\nadjusted bank balance

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