The Salem Dime Bank pays 5 4% interest on thelowest balance in a checking account at any timeduring the month. It also charges a $3.00 servicecharge on all accounts every month. Use thisinformation for the following problem.Carl's account at Salem Dime Bank showed abalance of $56.37 on March 31. His transactions forthe month of April are listed below. From thisinformation, find his balance as of April 30.Deposits: 4/2: $139.63; 4/5: $200.01; 4/26:$284.15Checks:#138 Benson's Radio Store: $35.89 (4/1)#139 Sunshine Markets: $75.00 (4/4)#140 Bucky Franklin: $8.96 (4/4)#141 True-Bright Paint Factory: $90.50(4/11)#142 Vander Meer's Clothing: $30.15 (4/18)#143 Ottawa Track and Field Club: $25.39(4/18)#144 Henken's Bakery: $25.27 (4/26)#145 Vreesma'a Auto Body Shop: $156.79(4/28)#146 State of Wyoming (taxes): $64.00(4/28)

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Description: The Salem Dime Bank pays 5 4% interest on thelowest balance in a checking account at any timeduring the month. It also charges a $3.00 servicecharge on all accounts every month. Use thisinformation for the following problem.Carl's account at Salem D

Balance at bank at any point means at particular date is determined after taking various things into…

Answered: find his balance as of April 30.

Business

Accounting

find his balance as of April 30.

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter9: Accounting For Receivables

Section: Chapter Questions

Problem 4Q: American Signs allows customers to pay with their Jones credit card and cash. Jones charges American...

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