use allison shannons bank statement and check register to reconcile her account. does allisons account…

use allison shannons bank statement and check register to reconcile her account. does allisons account reconcile? allison shannon 3 honey drive dallas, tx 75372 account number: 7654709a statement period: 12/01 - 12/31 starting balance → $1,665.91 date description check number transaction amount balance 12/08 w/d 1502 147.28 $1,518.63 12/10 w/d 1501 150.00 $1,408.63 12/15 deposit 749.00 $2,157.63 12/16 w/d 1504 250.00 $1,907.63 12/27 w/d 1503 72.00 $1,835.63 12/29 w/d 1506 26.00 $1,809.63 ending balance → $1,809.63 please be sure to deduct charges that affect your account check no. for fee date description of transaction amount of transaction √ amount of deposit balance for fee 1500 11/20 girl scouts 32.00 $1,633.91 1501 11/30 bank of sanford loan payment 150.00 $1,483.91 1502 12/2 lucys department store radio 147.28 $1,336.63 1503 12/11 charge fee concert tickets 72.00 $1,264.63 12/15 deposit 749.00 $2,013.63 1504 12/16 flashcard monthly payment 250.00 $1,763.63 1505 12/17 red cross donation 100.00 $1,663.63 1506 12/29 daily messenger subscription 26.00 $1,637.63 1/5 deposit 150.00 $1,787.63

use allison shannons bank statement and check register to reconcile her account. does allisons account reconcile? allison shannon 3 honey drive dallas, tx 75372 account number: 7654709a statement period: 12/01 - 12/31 starting balance → $1,665.91 date description check number transaction amount balance 12/08 w/d 1502 147.28 $1,518.63 12/10 w/d 1501 150.00 $1,408.63 12/15 deposit 749.00 $2,157.63 12/16 w/d 1504 250.00 $1,907.63 12/27 w/d 1503 72.00 $1,835.63 12/29 w/d 1506 26.00 $1,809.63 ending balance → $1,809.63 please be sure to deduct charges that affect your account check no. for fee date description of transaction amount of transaction √ amount of deposit balance for fee 1500 11/20 girl scouts 32.00 $1,633.91 1501 11/30 bank of sanford loan payment 150.00 $1,483.91 1502 12/2 lucys department store radio 147.28 $1,336.63 1503 12/11 charge fee concert tickets 72.00 $1,264.63 12/15 deposit 749.00 $2,013.63 1504 12/16 flashcard monthly payment 250.00 $1,763.63 1505 12/17 red cross donation 100.00 $1,663.63 1506 12/29 daily messenger subscription 26.00 $1,637.63 1/5 deposit 150.00 $1,787.63

Answer

Explanation:

Step1: Identify starting balance

The starting balance on the bank - statement is $1,665.91.

Step2: Calculate balance from transactions on check - register

Starting with $1,665.91:

  • Subtract $32.00: $1665.91−32.00 = $1633.91
  • Subtract $150.00: $1633.91−150.00 = $1483.91
  • Subtract $147.28: $1483.91−147.28 = $1336.63
  • Subtract $72.00: $1336.63−72.00 = $1264.63
  • Add $749.00: $1264.63 + 749.00 = $2013.63
  • Subtract $250.00: $2013.63−250.00 = $1763.63
  • Subtract $100.00: $1763.63−100.00 = $1663.63
  • Subtract $26.00: $1663.63−26.00 = $1637.63
  • Add $150.00: $1637.63 + 150.00 = $1787.63

Step3: Compare balances

The ending balance on the bank - statement is $1,809.63 and the calculated balance from the check - register is $1787.63. Since $1787.63\neq1809.63$, the accounts do not reconcile.

Answer:

No