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Business
Accounting
Supposed that you have a business, and you are going to prepare checks for the

Supposed that you have a business, and you are going to prepare checks for the

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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Supposed that you have a business, and you are going to prepare checks for the
following: (You can create your own check or simply download a blank check)
 150,000 payable to Ronald James Abad for the consultation fee.
 65, 350.90 for the payment equipment purchased from Abenson Appliance
Store

II. Bank Statement Account Number 000123456789 Account Name ABC Company Lucky Bank Ratipunan Branch YZ Bullaling, Katpunan Avenue, Quezon City SUMMARY Beginnng balance Total deposits Total withdrawals 45,674.45 321,492.65 (205,266.78) 161,901.22 Closing balance Transaction Code Value Date 6/31/2014 71/2014 7/3/2014 7/5/2014 7/9/2014 7/11/2014 715/2014 716/2014 717/2014 718/2014 7/20/2014 7/20/2014 7/21/2014 7/21/2014 7/22/2014 7/24/2014 7/26/2014 7/26/2014 7/27/2014 7/28/2014 7/29/2014 7/30/2014 731/2014 7/31/2014 731/2014 Reference Deposits Description BEGNNING BALANGE DEPOSIT CHECK PAYMENT AUTO DEBIT GLOBE CHECK PAYMENT NTEREST Balance 45,674.45 70,674,45 66,309.45 65,611.45 55,735.45 56,027.77 111,697.77 98,364.77 Withdrawals 41821 41823 25,000.00 00012345 4,365.00 698.00 9,876.00 41825 41829 41831 41835 41836 00012347 292.32 55,670.00 DEPOSIT CHECK PAYMENT DEPOSIT 00012344 13,333.00 41837 5,460.00 103,824,77 79,915.99 74,455.99 70,999,99 69,766.99 63,026.99 61,796.99 27,229.99 125,994,99 131,426.99 77,106.99 40,325.99 94,646.99 171,199.22 162,101.22 161,901.22 161,901.22 41838 CHECK PAYMENT 00012348 DM: RETURN CHECK CHECK PAYMENT AUTO DEBIT PLDT AUTO DEBIT MERALCO CHECK PAYMENT CHECK PAYMENT DEPOSIT CM INTEREST-TD CHECK PAYMENT 23,908.78 5,460.00 3.456.00 1,233.00 6,740.00 1,230.00 34,567.00 41840 41840 00012346 41841 41841 41842 bo012343 b0012349 41844 41845 41846 41847 98,765.00 5,432.00 bo012352 b0012364 54,321.00 36,780.00 41848 CHECK PAYMENT DEPOSIT DEPOSIT 41849 54,321.00 76,582.23 41850 41851 bo012365 CHECK PAYMENT DM: BANK FEES CLOSING BALANCE 9,098.00 41851-2 200.00 205,265.78 321,492.55 1. How much is the total deposit? 2. How much is the total check payment? 3. What are auto-debit facilities? How much in total?
Transcribed Image Text:II. Bank Statement Account Number 000123456789 Account Name ABC Company Lucky Bank Ratipunan Branch YZ Bullaling, Katpunan Avenue, Quezon City SUMMARY Beginnng balance Total deposits Total withdrawals 45,674.45 321,492.65 (205,266.78) 161,901.22 Closing balance Transaction Code Value Date 6/31/2014 71/2014 7/3/2014 7/5/2014 7/9/2014 7/11/2014 715/2014 716/2014 717/2014 718/2014 7/20/2014 7/20/2014 7/21/2014 7/21/2014 7/22/2014 7/24/2014 7/26/2014 7/26/2014 7/27/2014 7/28/2014 7/29/2014 7/30/2014 731/2014 7/31/2014 731/2014 Reference Deposits Description BEGNNING BALANGE DEPOSIT CHECK PAYMENT AUTO DEBIT GLOBE CHECK PAYMENT NTEREST Balance 45,674.45 70,674,45 66,309.45 65,611.45 55,735.45 56,027.77 111,697.77 98,364.77 Withdrawals 41821 41823 25,000.00 00012345 4,365.00 698.00 9,876.00 41825 41829 41831 41835 41836 00012347 292.32 55,670.00 DEPOSIT CHECK PAYMENT DEPOSIT 00012344 13,333.00 41837 5,460.00 103,824,77 79,915.99 74,455.99 70,999,99 69,766.99 63,026.99 61,796.99 27,229.99 125,994,99 131,426.99 77,106.99 40,325.99 94,646.99 171,199.22 162,101.22 161,901.22 161,901.22 41838 CHECK PAYMENT 00012348 DM: RETURN CHECK CHECK PAYMENT AUTO DEBIT PLDT AUTO DEBIT MERALCO CHECK PAYMENT CHECK PAYMENT DEPOSIT CM INTEREST-TD CHECK PAYMENT 23,908.78 5,460.00 3.456.00 1,233.00 6,740.00 1,230.00 34,567.00 41840 41840 00012346 41841 41841 41842 bo012343 b0012349 41844 41845 41846 41847 98,765.00 5,432.00 bo012352 b0012364 54,321.00 36,780.00 41848 CHECK PAYMENT DEPOSIT DEPOSIT 41849 54,321.00 76,582.23 41850 41851 bo012365 CHECK PAYMENT DM: BANK FEES CLOSING BALANCE 9,098.00 41851-2 200.00 205,265.78 321,492.55 1. How much is the total deposit? 2. How much is the total check payment? 3. What are auto-debit facilities? How much in total?
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