Applied Math?

FratBro23
Category:
Mathematics
Price: $5 USD

Question description

Marina and Brian have a joint checking account. They have a balance of $3,839.25 in the check register. The balance on the bank statement is $3,450.10. Not reported on the statement are deposits of $2,000, $135.67, $254.77, and $188.76 and four checks for $567.89, $23.83, $598.33, and $1,000.

Make a Google spreadsheet
Step 1: Enter the outstanding deposits in cells A3 to A9.
Step 2: Enter the outstanding checks in cells B3 to B9.
Step 3: Have cell A10 calculate the total amount of the outstanding deposits The cell formula for the total of the outstanding deposits in A10 is =sum(A3:A9).
Step 4: Now have cell B10 calculate the total amount of the outstanding checks by using the same procedure as in Step 3.
Step 5: Enter the check register balance in cell C12.
Step 6: Enter the statement ending balance in cell C13.
Step 7: Have cell C14 calculate the revised statement balance, which is the sum of the statement ending balance and total outstanding deposits minus the total outstanding checks. The formula is =C13+A10−B10.
Step 8: Now in cell A16, type the IF statement, =IF(C12=C14, “Statement is reconciled.”, “Statement is not reconciled.”).
Did the Statement Reconcile?

Studypool has helped 1,244,100 students
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1828 tutors are online

Brown University





1271 Tutors

California Institute of Technology




2131 Tutors

Carnegie Mellon University




982 Tutors

Columbia University





1256 Tutors

Dartmouth University





2113 Tutors

Emory University





2279 Tutors

Harvard University





599 Tutors

Massachusetts Institute of Technology



2319 Tutors

New York University





1645 Tutors

Notre Dam University





1911 Tutors

Oklahoma University





2122 Tutors

Pennsylvania State University





932 Tutors

Princeton University





1211 Tutors

Stanford University





983 Tutors

University of California





1282 Tutors

Oxford University





123 Tutors

Yale University





2325 Tutors