The bank statement shows a checking account balance of $5,500. There are outstanding checks totaling $600, an outstanding deposit of $400, and a bank service charge of $15. The balance on the check stub prior to performing the reconciliation should be ___

A) $5,285
B) $5,300
C) $5,700
D) $6,515

An account balance depicts the total asset other than the liabilities. It includes the saving and checking account balance that is available after all the debits, credits and charges are balanced.

The balance on the check will be:

Option A) $5,285

This can be estimated by:

Outstanding checks are issued but not reported in the bank account = $600

Outstanding deposits are the balance that is added in the account = $400

Service charge is some money that is deducted by the banks as a service = $15

The total account balance = $5,500

The cash account balance of the bank reconciliation = Ending cash balance + Deposit - Outstanding checks - Service charges

= $5500 + $400 - $600 - $15

= $5285

Therefore, $5,285 is the balance before the reconciliation.

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The bank statement shows a checking account balance of $5,500. There are outstanding checks totaling $600, an outstanding deposit of $400, and a bank service charge of $15. The balance on the check stub prior to performing the reconciliation should be ___ A) $5,285 B) $5,300 C) $5,700 D) $6,515

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The bank statement shows a checking account balance of $5,500. There are outstanding checks totaling $600, an outstanding deposit of $400, and a bank service charge of $15. The balance on the check stub prior to performing the reconciliation should be ___

A) $5,285
B) $5,300
C) $5,700
D) $6,515