On March 1, your checkbook balance is $565.02, and the bank statement balance is $464.07. An examination of the checkbook register reveals that a debit purchase for $45.09 was incorrectly entered as $54.09, and check #341 for $17.60 was not entered at all. A deposit for $150.65 was entered twice. The bank statement indicates that interest earned was $2.20, and the ATM service charge was $3.05. Outstanding checks were #228 for $30.09, #230 for $19.81, and #231 for $9.25. Question 1 Check #341 not entered was Answers A. added to the bank statement balance. B. deducted from the checkbook balance. C. added to the checkbook balance. D. deducted from the bank statement balance. Question 2 What is the available bank balance? Answers A. $404.92 B. $402.72 C. $515.57 D. $407.97 On July 31, your checkbook balance is $953.12, and the bank statement balance is $1219.51. An examination of the checkbook register reveals that check #992 for $64.48 was entered twice, and a deposit for $125.05 was not entered at all. The service charge levied is $3.51. Outstanding are checks #993 for $42.54 and #994 for $73.68; and a debit purchase of $14.15. In addition, a late deposit for $50 was not received in time to be entered. Question 3 What is the corrected checkbook balance? Answers A. $1142.65 B. $1089.14 C. $1142.51 D. $1139.14
On March 1, your checkbook balance is $565.02, and the bank statement balance is $464.07. An examination of the checkbook register reveals that a debit purchase for $45.09 was incorrectly entered as $54.09, and check #341 for $17.60 was not entered at all. A deposit for $150.65 was entered twice. The bank statement indicates that interest earned was $2.20, and the ATM service charge was $3.05. Outstanding checks were #228 for $30.09, #230 for $19.81, and #231 for $9.25.
Question 1
Answers
added to the bank statement balance.
deducted from the checkbook balance.
added to the checkbook balance.
deducted from the bank statement balance.
Question 2
Answers
$404.92
$402.72
$515.57
$407.97
On July 31, your checkbook balance is $953.12, and the bank statement balance is $1219.51. An examination of the checkbook register reveals that check #992 for $64.48 was entered twice, and a deposit for $125.05 was not entered at all. The service charge levied is $3.51. Outstanding are checks #993 for $42.54 and #994 for $73.68; and a debit purchase of $14.15. In addition, a late deposit for $50 was not received in time to be entered.
Question 3
Answers
$1142.65
$1089.14
$1142.51
$1139.14
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