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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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
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