4.What was the account balance on March 12th?5.What advice would you give Darin about managing his checkingaccount? AEFWithdrawal,Payment (-)Deposit,Credit (+)1DateCheck Number Transaction DescriptionFeesBalance3/1/21$735.00Bonus Book Store (computer111 textbooks)33/2/21$72.50$662.5043/3/21112 Bright Lumen Fixtures (study lar$39.95$622.55113 Dora's FlowersDeposit (ATM)114 D&R Rental Agency- Rent115 Super Cell Phone (2/1-3/1)3/4/21$32.00$590.5563/5/21$75.00$665.5573/7/21$475.00$190.5583/8/21$75.00$115.5593/9/21116 Ace Computer Supplies$147.60-$32.05103/10/21Bank Fee$18.00-$50.05113/12/21Deposit$200.00$149.95

Bank Reconciliation - It is the process of matching the bank balance with entity's accounting…

Answered: 4. What was the account balance on…

Business

Accounting

4. What was the account balance on March 12th? 5. What advice would you give Darin about managing his checking account?

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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Concept explainers

Bookkeeping

Bookkeeping is the process of recording the financial transactions of a company on a regular basis. With the process of bookkeeping, companies can track important financial information that helps management in making crucial decisions.

Question

4.
What was the account balance on March 12th?
5.
What advice would you give Darin about managing his checking
account?

A
E
F
Withdrawal,
Payment (-)
Deposit,
Credit (+)
1
Date
Check Number Transaction Description
Fees
Balance
3/1/21
$735.00
Bonus Book Store (computer
111 textbooks)
3
3/2/21
$72.50
$662.50
4
3/3/21
112 Bright Lumen Fixtures (study lar
$39.95
$622.55
113 Dora's Flowers
Deposit (ATM)
114 D&R Rental Agency- Rent
115 Super Cell Phone (2/1-3/1)
3/4/21
$32.00
$590.55
6
3/5/21
$75.00
$665.55
7
3/7/21
$475.00
$190.55
8
3/8/21
$75.00
$115.55
9
3/9/21
116 Ace Computer Supplies
$147.60
-$32.05
10
3/10/21
Bank Fee
$18.00
-$50.05
11
3/12/21
Deposit
$200.00
$149.95

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