Kameron Gibson’s bank statement, business and finance homework help

Question description

1.Kameron Gibson’s bank statement showed a balance of $717.72. Kameron’s checkbook had a balance of $209.50. Check No. 104 for $110.07 and check No. 105 for $15.55 were outstanding. A $620.50 deposit was not on the statement. He has his payroll check electronically deposited to his checking account—the payroll check was for $1,025.10. There was also a $4 teller fee and an $18 service charge. Prepare Kameron Gibson’s bank reconciliation.  LU 4-2(3)2.Carol Stokke receives her April 6 bank statement showing a balance of $859.75; her checkbook balance is $954.25. The bank statement shows an ATM charge of $25.00, NSF fee of $27.00, earned interest of $2.75, and Carol’s $630.15 refund check, which was processed by the IRS and deposited to her account. Carol has two checks that have not cleared—No. 115 for $521.15 and No. 116 for $205.50. There is also a deposit in transit for $1,402.05. Prepare Carol’s bank reconciliation.  LU 4-2(3)

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