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3. Mike Kent's monthly bank statement balance was S1,418. H checkbook balance was $1,620. He noted the following chec outstanding: #119 for $350 and #125 for S197. He noted a deposit of S1,600 as not recorded by the bank. The bank ha charged him S17 for checks and $32 for a bad check he had deposited. The bank had credited his account with an electr transfer for $900. Reconcile the bank and checkbook balana palance. Checkbook balance: S1,620 Add electronic transfer: Subtotal Less bank charges: . Adjusted checkbook balance: Bank balance on statement: S1,418 Add unrecorded deposit: Subtotal Less outstanding checks: #119 # 125 Adjusted bank balance

3. Mike Kent's monthly bank statement balance was S1,418. H checkbook balance was $1,620. He noted the following chec outstanding: #119 for $350 and #125 for S197. He noted a deposit of S1,600 as not recorded by the bank. The bank ha charged him S17 for checks and $32 for a bad check he had deposited. The bank had credited his account with an electr transfer for $900. Reconcile the bank and checkbook balana palance. Checkbook balance: S1,620 Add electronic transfer: Subtotal Less bank charges: . Adjusted checkbook balance: Bank balance on statement: S1,418 Add unrecorded deposit: Subtotal Less outstanding checks: #119 # 125 Adjusted bank balance

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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3. Mike Kent's monthly bank statement balance was $1,418. His checkbook balance was $1,620. He noted the following checks outstanding: #119 for $350 and #125 for $197. He noted a deposit of S1,600 as not recorded by the bank. The bank had charged him S17 for checks and $32 for a bad check he had deposited. The bank had credited his account with an electronic nk statement with a checkbook balance. transfer for $900. Reconcile the bank and checkbook balances. Checkbook balance: S1,620 Add electronic transfer: Subtotal Less bank charges: Adjusted checkbook balance: Bank balance on statement: S1418 Add unrecorded deposit: Subtotal Less outstanding checks: #119 #125 Adjusted bank balance $1,103.87 3. $2,471 Answers: 1. $450.50; $275.41; $275.41; $650.41; $571.53 2. $367.98; $1,948.63; $1,098.63; $998.66; $891. Chapter 9 Banking 155 Righes Reserved May met be coped, seanned, er daplicated, inwe or in part. Da to electrenie righes, some thind purty cotent my be ppremed from e ellok ndier Chaperis Copyrighted mater
Transcribed Image Text:3. Mike Kent's monthly bank statement balance was $1,418. His checkbook balance was $1,620. He noted the following checks outstanding: #119 for $350 and #125 for $197. He noted a deposit of S1,600 as not recorded by the bank. The bank had charged him S17 for checks and $32 for a bad check he had deposited. The bank had credited his account with an electronic nk statement with a checkbook balance. transfer for $900. Reconcile the bank and checkbook balances. Checkbook balance: S1,620 Add electronic transfer: Subtotal Less bank charges: Adjusted checkbook balance: Bank balance on statement: S1418 Add unrecorded deposit: Subtotal Less outstanding checks: #119 #125 Adjusted bank balance $1,103.87 3. $2,471 Answers: 1. $450.50; $275.41; $275.41; $650.41; $571.53 2. $367.98; $1,948.63; $1,098.63; $998.66; $891. Chapter 9 Banking 155 Righes Reserved May met be coped, seanned, er daplicated, inwe or in part. Da to electrenie righes, some thind purty cotent my be ppremed from e ellok ndier Chaperis Copyrighted mater
Resut 1 of 1 for MIke Kent's monthily bank statement balance was $ 1,410 Clear search X 1. Fill in the New Bal, and Bal. Fwd. on each check stub. Carry Bal. Fwd. to the next stub. #1 # 2 checking account. Bal. Fwd. S100.00 Date 01/17 Bal. Fwd. Date 01/22 Deposit 350.50 To AAA Deposit 375.00 To CVS New Bal. New Bal, This Ck 175.09 For Ins. This Ck 78.88 For Misc Bal. Fwd. Bal. Fwd. 2. Fill in the cash balance for each date. bank statement with a checkbook balance. CHECK REGISTER CHECK NUMBERI CHECK TO-DEPOSIT INFORMATION DEPOSIT AMOUNT CHECK AMOUNT BALANCE $453.90 1 100 Albertsone $85.92 12 Monthly Salary Check $1,580.65 13 101 C. Dobbs-Rent $850.00 14 102 TJ Max 99.97 15 103 Ace Hardware $ 107.16 17 Income from Stocks $212.37 3. Mike Kent's monthly bank statement balance was $1,418. His checkbook balance was $1,620. He noted the following checks outstanding: #119 for $350 and #125 for $197. He noted a deposit of S1,600 as not recorded by the bank. The bank had bank statement with a checkbook balance, charged him S17 for checks and $32 for a bad check he had deposited. The bank had credited his account with an electronic transfer for $900, Reconcile the bank and checkbook balances. Checkbook balance: S1,620 Add electronic transfer: Subtotal Less bank charges: Adjusted checkbook balance: Bank balance on statement: $1,418 Add unrecorded deposit: Subtotal Less outstanding checks: #119, #125 Adjusted bank balance $1,103.87 3. $2,471 Answers: 1. $450.50; $275.41; $275.41; $650.41; $571.53 2. $367.98; $1,948.63; $1,098.63; $998.66; $891.50; Chapter 9 Banking 155 ing All Rights Reserved. May not be copied, senned, or duplicated, in whole or in purt. De to electronie rights, some thind perty content may be suppressed from the elook and/or eChipteris) suppressed coment does not materially affect the overall learning esperience Cengage Learning reserves the right to remove dditional content ut any time if subsequent rights restrictions require R. Copyrighted mater K
Transcribed Image Text:Resut 1 of 1 for MIke Kent's monthily bank statement balance was $ 1,410 Clear search X 1. Fill in the New Bal, and Bal. Fwd. on each check stub. Carry Bal. Fwd. to the next stub. #1 # 2 checking account. Bal. Fwd. S100.00 Date 01/17 Bal. Fwd. Date 01/22 Deposit 350.50 To AAA Deposit 375.00 To CVS New Bal. New Bal, This Ck 175.09 For Ins. This Ck 78.88 For Misc Bal. Fwd. Bal. Fwd. 2. Fill in the cash balance for each date. bank statement with a checkbook balance. CHECK REGISTER CHECK NUMBERI CHECK TO-DEPOSIT INFORMATION DEPOSIT AMOUNT CHECK AMOUNT BALANCE $453.90 1 100 Albertsone $85.92 12 Monthly Salary Check $1,580.65 13 101 C. Dobbs-Rent $850.00 14 102 TJ Max 99.97 15 103 Ace Hardware $ 107.16 17 Income from Stocks $212.37 3. Mike Kent's monthly bank statement balance was $1,418. His checkbook balance was $1,620. He noted the following checks outstanding: #119 for $350 and #125 for $197. He noted a deposit of S1,600 as not recorded by the bank. The bank had bank statement with a checkbook balance, charged him S17 for checks and $32 for a bad check he had deposited. The bank had credited his account with an electronic transfer for $900, Reconcile the bank and checkbook balances. Checkbook balance: S1,620 Add electronic transfer: Subtotal Less bank charges: Adjusted checkbook balance: Bank balance on statement: $1,418 Add unrecorded deposit: Subtotal Less outstanding checks: #119, #125 Adjusted bank balance $1,103.87 3. $2,471 Answers: 1. $450.50; $275.41; $275.41; $650.41; $571.53 2. $367.98; $1,948.63; $1,098.63; $998.66; $891.50; Chapter 9 Banking 155 ing All Rights Reserved. May not be copied, senned, or duplicated, in whole or in purt. De to electronie rights, some thind perty content may be suppressed from the elook and/or eChipteris) suppressed coment does not materially affect the overall learning esperience Cengage Learning reserves the right to remove dditional content ut any time if subsequent rights restrictions require R. Copyrighted mater K
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