Homework Answers
| AKIRA SMYTHE'S BANK RECONCILIATION STATEMENT | ||
| ENDING BALANCE AS PER STATEMENT, MARCH 26 | $823.20 | |
| ADD : DEPOSIT (BELATED BIRTHDAY GIFT) | $225.00 | |
| DEDUCT : OUTSTANDING CHECKS AND ATM TRANSACTIONS | ||
| DRY CLEANING | CHECK-504 | $44.00 |
| ATM WITHDRAWL | 97505 | $100.75 |
| CAR INSURANCE | CHECK-505 | $110.00 |
| ATM WITHDRAWL | 99506 | $37.50 |
| TOTAL WITHDRAWLS | $292.25 | |
| ADJUSTED BANK BALANCE | $755.95 | |
| BALANCE AS PER BOOKS, MARCH 29 | $755.95 |
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6. Checking account reconciliation Aa Aa E How Do You Balance Your Checkbook? Your roommate, Akira,...
Your roommate, Akira, is embarrassed. She has never before had a checking account, but she finally...
Your roommate, Akira, is embarrassed. She has never before had a checking account, but she finally opened one last month. She's standing in the doorway of the kitchen with her check register in one hand and her recently arrived bank statement in the other. Admitting that she doesn't know what to do next, she's asked for your help in learning how to reconcile, or balance, her checkbook. Being both a good friend and a student of personal finance, you've agreed...
Personal financing - First Blank --> date on the bank statement OR Reconciliation date Second blank...
Personal financing - First Blank --> date on the bank
statement OR Reconciliation date
Second blank --> Monthly or Quarterly
Please show your work.
Fourth State Bank of San Francisco, CA Statement of Account June 2011 Samuel Smythe 550 Angel Street San Francisco, CA Account 348596 Balance Date Subtractions Additions 1,246.00 6-01 6-01 6-03 Description Previous balance Deposit Check 900 500.00 1,746.00 550.00 1.196.00 Withdrawals Date Jun-01 Jun-03 Balance $1,746.00 1,196.00 Samuel's Account Ledger Transaction Description Deposit Deposit - Payroll...
Chapter 4 Financial Planning Exercise 6 Checking account reconciliation Use Worksheet 4.1. Carlos Perez has a...
Chapter 4 Financial Planning Exercise 6 Checking account reconciliation Use Worksheet 4.1. Carlos Perez has a NOW account at the First State Bank. His checkbook ledger lists the following checks: Amount Check Numbers 654 658 $206.05 55.00 103.00 98.57 6.13 50.01 24.90 32.43 44.50 30.00 30.00 111.23 38.04 97.99 486.19 43.50 75.21 98.22 Carlos also made the following withdrawals and deposits at an ATM near his home: Date Amount Transaction 11/1 $50.00 withdrawal 11/2 $525.60 deposit 11/6 $100.00 deposit 11/14...
On August 31, 2019, the balance in the checkbook and the Cash account of the Dry...
On August 31, 2019, the balance in the checkbook and the Cash account of the Dry Creek Bed and Breakfast was $12,370. The balance shown on the bank statement on the same date was $13,247. Notes The firms records indicate that a $1,550 deposit dated August 30 and a $711 deposit dated August 31 do not appear on the bank statement. A service charge of $7 and a debit memorandum of $370 covering an NSF check have not yet been...
On February 28 th , THE Company’s general ledger shows a checking account balance of $18,720....
On February 28 th , THE Company’s general ledger shows a checking account balance of $18,720. The company’s cash receipts for the month which haven’t cleared the bank yet are $5,200 and checks written by the company this month which have not cleared the bank total $12,400. While comparing the bank statement with the general ledger THE determined the bank overcharged them $200 for a check the bank cleared. The bank statement also reported service fees of $25, interest THE...
On October 31, the Company's general ledger shows $88,000 for the checking account balance. The company's...
On October 31, the Company's general ledger shows $88,000 for the checking account balance. The company's cash receipts for the month which haven't cleared the bank yet are $20,000 and checks written by the company this month which have not cleared the bank total $35,000 While comparing the bank statement with the general ledger the company determined the bank overcharged the company $1,000 for a check the company wrote. The bank statement also reported service fees of $50, interest earned...
1-5 please On October 31st, the Company's general ledger shows $88,000 for the checking account balance....
1-5 please
On October 31st, the Company's general ledger shows $88,000 for the checking account balance. The company's cash receipts for the month which haven't cleared the bank yet are $20,000 and checks written by the company this month which have not cleared the bank total $35,000. While comparing the bank statement with the general ledger the company determined the bank overcharged the company $1,000 for a check the company wrote. The bank statement also reported service fees of $50,...
On February 28", TR Company's general ledger shows a checking account balance of $36,900. The company's...
On February 28", TR Company's general ledger shows a checking account balance of $36,900. The company's cash receipts for the month which haven't cleared the bank yet are $12,000 and checks written by the company this month which have not cleared the bank total $24,500. While comparing the bank statement with the general ledger TR determined the bank under- charged them $90 for a check the bank cleared. The bank statement also reported service fees of $10, interest TR earned...
On October 31, 2021, the bank statement for the checking account of Blockwood Video shows a...
On October 31, 2021, the bank statement for the checking account of Blockwood Video shows a balance of $12.751, while the company's records show a balance of $12.381. Information that might be useful in preparing a bank reconciliation is as follows a. Outstanding checks are $1,280 b. The October 31 cash receipts of $835 are not deposited in the bank until November 2 c. One check written in payment of utilities for $147 is correctly recorded by the bank but...
On October 31, 2021, the bank statement for the checking account of Blockwood Video shows a...
On October 31, 2021, the bank statement for the checking account of Blockwood Video shows a balance of $12,751, while the company's records show a balance of $12,381. Information that might be useful in preparing a bank reconciliation is as follows: a. Outstanding checks are $1.280. b. The October 31 cash receipts of $835 are not deposited in the bank until November 2. c. One check written in payment of utilities for $147 is correctly recorded by the bank but...
Your roommate, Akira, is embarrassed. She has never before had a checking account, but she finally opened one last month. She's standing in the doorway of the kitchen with her check register in one hand and her recently arrived bank statement in the other. Admitting that she doesn't know what to do next, she's asked for your help in learning how to reconcile, or balance, her checkbook. Being both a good friend and a student of personal finance, you've agreed...
Personal financing - First Blank --> date on the bank
statement OR Reconciliation date
Second blank --> Monthly or Quarterly
Please show your work.
Fourth State Bank of San Francisco, CA Statement of Account June 2011 Samuel Smythe 550 Angel Street San Francisco, CA Account 348596 Balance Date Subtractions Additions 1,246.00 6-01 6-01 6-03 Description Previous balance Deposit Check 900 500.00 1,746.00 550.00 1.196.00 Withdrawals Date Jun-01 Jun-03 Balance $1,746.00 1,196.00 Samuel's Account Ledger Transaction Description Deposit Deposit - Payroll...
Chapter 4 Financial Planning Exercise 6 Checking account reconciliation Use Worksheet 4.1. Carlos Perez has a NOW account at the First State Bank. His checkbook ledger lists the following checks: Amount Check Numbers 654 658 $206.05 55.00 103.00 98.57 6.13 50.01 24.90 32.43 44.50 30.00 30.00 111.23 38.04 97.99 486.19 43.50 75.21 98.22 Carlos also made the following withdrawals and deposits at an ATM near his home: Date Amount Transaction 11/1 $50.00 withdrawal 11/2 $525.60 deposit 11/6 $100.00 deposit 11/14...
On October 31, the Company's general ledger shows $88,000 for the checking account balance. The company's cash receipts for the month which haven't cleared the bank yet are $20,000 and checks written by the company this month which have not cleared the bank total $35,000 While comparing the bank statement with the general ledger the company determined the bank overcharged the company $1,000 for a check the company wrote. The bank statement also reported service fees of $50, interest earned...
1-5 please
On October 31st, the Company's general ledger shows $88,000 for the checking account balance. The company's cash receipts for the month which haven't cleared the bank yet are $20,000 and checks written by the company this month which have not cleared the bank total $35,000. While comparing the bank statement with the general ledger the company determined the bank overcharged the company $1,000 for a check the company wrote. The bank statement also reported service fees of $50,...
On February 28", TR Company's general ledger shows a checking account balance of $36,900. The company's cash receipts for the month which haven't cleared the bank yet are $12,000 and checks written by the company this month which have not cleared the bank total $24,500. While comparing the bank statement with the general ledger TR determined the bank under- charged them $90 for a check the bank cleared. The bank statement also reported service fees of $10, interest TR earned...
On October 31, 2021, the bank statement for the checking account of Blockwood Video shows a balance of $12.751, while the company's records show a balance of $12.381. Information that might be useful in preparing a bank reconciliation is as follows a. Outstanding checks are $1,280 b. The October 31 cash receipts of $835 are not deposited in the bank until November 2 c. One check written in payment of utilities for $147 is correctly recorded by the bank but...
On October 31, 2021, the bank statement for the checking account of Blockwood Video shows a balance of $12,751, while the company's records show a balance of $12,381. Information that might be useful in preparing a bank reconciliation is as follows: a. Outstanding checks are $1.280. b. The October 31 cash receipts of $835 are not deposited in the bank until November 2. c. One check written in payment of utilities for $147 is correctly recorded by the bank but...
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