Answer:
1 a. $19,190
1 b. Yes
2 a. $19,050
2 b. No
3. The difference of $162,000 will be subtracted from the book balance.
Explanation:
Reconciliation Statement:
Balance as per bank  $16,990
Add: deposits  $4,800
Less; Outstanding Checks - $2,600
Adjusted Bank Balance  $ 19,190
Balance as per Books $12,320
Less: EFT on monthly bills - $1,600
Add: Notes Collected  $10,200
Add: Interest On notes  $1,300
Less: Error in recording  $70
Add: Service Fees - Â $100
Less : Checks returned  -$3,000
Adjusted Balance of Books $19,190