5. Avery has a chequing and savings account. The table below shows his transactions for the month of August. Check Register Check Type of Transaction Amount of Checking Balance Date Amount of Withdrawal Deposit Aug. 1" Paycheck $1,389.00 $3,055.43 3035 Aug. 4 Rent Payment $855.00 3036 Aug. 10 Utilities $65.62 3037 Aug. 12 Car Payment $225.80 Aug. 14 Groceries $131.84 Aug. 15 Paycheck $1,389.00 Aug. 21 Transfer to Savings $300.00 Aug. 31 $44.45 Dinner Out a) What are Avery's fixed expenses? b) What are Avery's variable expenses? c) How much money does Avery have in his account at the end of the month. His balance at the beginning of the month is $ 3055.43. Show your calculations below or in the chart. 6. Which statement about

5. Avery has a chequing and savings account. The table below shows his transactions for the month of August. Check Register Check Type of Transaction Amount of Checking Balance Date Amount of Withdrawal Deposit Aug. 1" Paycheck $1,389.00 $3,055.43 3035 Aug. 4 Rent Payment $855.00 3036 Aug. 10 Utilities $65.62 3037 Aug. 12 Car Payment $225.80 Aug. 14 Groceries $131.84 Aug. 15 Paycheck $1,389.00 Aug. 21 Transfer to Savings $300.00 Aug. 31 $44.45 Dinner Out a) What are Avery's fixed expenses? b) What are Avery's variable expenses? c) How much money does Avery have in his account at the end of the month. His balance at the beginning of the month is $ 3055.43. Show your calculations below or in the chart. 6. Which statement about

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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Based on the information in the worksheet, Calculate: February Deposits in Transit: Date Amount February Outstanding Checks: Check # Amount
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2. Your checkbook balance was $206.42 on March 3. The check register shows your transactions since then. What should your new balance be? Trans Type Date Description of Transaction or Check # 284 DEP AT Payment / Debit ✓ Deposit / Credit (+) (-) Balance Brought Forward 3/9 Osbourne Pharmacy 3/15 ATM Deposit 3/20 Auto trans: Gen Phone 19 32 50 80 120 49 Balance
9. Ashley Martinez's checkbook balance was $149.21 on October 5. The checkbook register below shows her transactions since then. What is her balance after each transaction? Trans Type Date Description of Transaction or Check # 571 DEP 572 AT 10/6 Pettisvile Flowers 10/9 Deposit 10/10 Donald's Bookstore 10/19 Langley Phone Co. Payment / Debit ✔ Deposit / Credit (+) (-) Balance Brought Forward 45 79 16 94 75 25 213 80 Balance 149 21
prepare a bank reconciliation report.
Respond to the corresponding focus questions when you finish balancing the checkbook.
Lowell Bank reported the following checking account fees: $2 to see a real-live teller, $20 to process a bounced check, and $1 to $3 if you need an original check to prove you paid a bill or made a charitable contribution. This past month you had to transact business through a tellet six times-a total $12 cost to you. Your bank statement shows a $305,33 balance your checkbook shows a $1,009.76 balance. You received $1.10 in interest. An $80115 deposit was not recorded on your statement. The following checks were outstanding: No. 413. $28.30, No. 414, $18.60, and No. 418, $60.72. Prepare your bank reconciliation (Input all amounts as positive values. Round your answers to 2 decimal places) Checkbook balance Add: Interest Subtotal Deduct Teller fee Reconciled balance Y BANK RECONCILIATION $ 1,009 76 Bank balance Add: 1.10 $1,010.86 12.00 $ 998 58 Deposit in transit Subtotal Deduct Outstanding checks (total) Reconciled balance - ** $ 74 $ 305.33 801.15 1,106.48 107,62 998.86
K Adjusted Bank Balance. Mary's last bank statement showed an ending balance of $156.45. This month, she deposited $548.61 in her account and withdrew a total of $230.67. Furthermore, Mary wrote a total of five checks, two of which have cleared. The two checks that have cleared total $133 55 The three remaining checks total $100.44. Mary pays no fees at her bank. What is the balance shown this month on Mary's bank statement? What is the adjusted bank balance? CETTS The balance show this month on Mary's bank statement is 5 (Round to the nearest cent)