The chart below shows bank reconciliation information for several bank accounts, including beginning balance, total checks written, current month deposits, checkbook balance, checks outstanding and the bank statement balance. For each account, one ore more entries are missing. These blank spaces are numbered (1) through (10). You are to answer the questions that follow by determining the current entry for each blank space. Note: Assume that all current month deposits are shown on the bank statement and that beginning balances are correct. Account BEG BAL Total Current Checks Month Written Deposits Checkbook Balances Checks Bank Outstanding Statement Balance MITCHELL $400.00 $967.23 $1,049.00 TURNER $6,532.89 $581.72 PAIGE O'BRIEN WARREN ANDERSON $481.77 $127.42 (1) $325.00 (2) (3) $6527.02 $308.25 $497.08 $133.65 (6) $202.00 $428.24 (10) $325.50 (4) $83.40 $24.50 (5) $500.50 (7) $97.90 $378.40 (8) (9) $28.07 $122.51 $294.00 $36.22 $11.59 $47.81
The chart below shows bank reconciliation information for several bank accounts, including beginning balance, total checks written, current month deposits, checkbook balance, checks outstanding and the bank statement balance. For each account, one ore more entries are missing. These blank spaces are numbered (1) through (10). You are to answer the questions that follow by determining the current entry for each blank space. Note: Assume that all current month deposits are shown on the bank statement and that beginning balances are correct. Account BEG BAL Total Current Checks Month Written Deposits Checkbook Balances Checks Bank Outstanding Statement Balance MITCHELL $400.00 $967.23 $1,049.00 TURNER $6,532.89 $581.72 PAIGE O'BRIEN WARREN ANDERSON $481.77 $127.42 (1) $325.00 (2) (3) $6527.02 $308.25 $497.08 $133.65 (6) $202.00 $428.24 (10) $325.50 (4) $83.40 $24.50 (5) $500.50 (7) $97.90 $378.40 (8) (9) $28.07 $122.51 $294.00 $36.22 $11.59 $47.81
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter6: Bank Accounts, Cash Funds, And Internal Controls
Section: Chapter Questions
Problem 4E
Related questions
Question
1) The bank statement balance in space (1) should be:
a. $481.77
b. $558.27
c. $609.19
d. $685.77
2) The checkbook balance in space (2) should be:
a. $6,857.89
b. $6,527.02
c. $6486.17
d. $6276.17
3) The checks outstanding in space (3) should be:
a. $250.85
b. $256.72
c. $325.00
d. $581.72
4) The current month deposits in space (4) should be:
a. $243.33
b. $272.23
c. $281.13
d. $300.03
5)The bank statement balance in space (5) should be:
a. $107.90
b. $110.80
c. $113.70
d. $116.50
6) The total checks written in space (6) should be:
a. $328.13
b. $343.64
c. $353.65
d.$4,363.00
7)The checkbook balance in space (7) should be:
a. $280.50
b. $291.50
c. $298.10
d. $312.40
8)The current month deposits in space (8) should be:
a. $313.50
b. $320.68
c. $327.84
d. $335.01
9) The checkbook balance in space (9) should be:
a. $72.02
b. $83.24
c. $94.44
d. $105.64
10) The beginning balance in space (10) should be:
a. $66.99
b. $67.72
c. $68.14
d. $68.25
Transcribed Image Text:The chart below shows bank reconciliation information for several bank accounts, including
beginning balance, total checks written, current month deposits, checkbook balance,
checks outstanding and the bank statement balance. For each account, one ore more
entries are missing. These blank spaces are numbered (1) through (10). You are to answer
the questions that follow by determining the current entry for each blank space.
Note: Assume that all current month deposits are shown on the bank statement and that
beginning balances are correct.
Account
BEG BAL
Total Current
Checks Month
Written Deposits
Checkbook
Balances
Checks
Bank
Outstanding Statement
Balance
MITCHELL $400.00 $967.23 $1,049.00
TURNER $6,532.89 $581.72
PAIGE
O'BRIEN
WARREN
ANDERSON
$481.77
$127.42
(1)
$325.00
(2)
(3)
$6527.02
$308.25 $497.08
$133.65 (6)
$202.00 $428.24
(10) $325.50
(4)
$83.40
$24.50
(5)
$500.50
(7)
$97.90
$378.40
(8)
(9)
$28.07
$122.51
$294.00
$36.22
$11.59
$47.81
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