Using the Following Data, Compute the Book Balance for Stronaway

Essay

Using the following data, compute the book balance for Stronaway Services before the preparation of a bank reconciliation on May 31, 2019:
- The bank statement reveals a balance of $4,463.
- The bank statement indicates service charges of $36.
- Outstanding cheques on May 31, 2019, amount to $11,412.
- Deposits in transit on May 31, 2019, amount to $9,650.
- The bookkeeper mistakenly recorded a $21 cheque payment to a vendor as $210.
- The bank mistakenly recorded a deposit of $5,000 as $50.