Chapter 4, Problem 1ECP

To determine

To fill: The check register for July 2015 by using given information.

Explanation of Solution

The given data is as follows:

Date	Check Number	Particulars	Amount
July 7	Check No. 959	AT + T	$143.50
July 15	Check No. 960	Staples	66.10
July 19	Deposit		800.00
July 20	Check No. 961	West Electric	451.88
July 24	Check No. 962	Bank of America	319.24
July 29	Deposit		400.30

Table 1

It is known that a check Register is a document, or the journal used to record all the checks with their numbers, cash payments and cash outlays during an accounting period.

Note that the account balance before any transaction occurred is $4,500.

From the Table 1, note that during July 7 and July 15 the particulars included are AT+T and staples corresponding to which the amount is debited from the account.

Therefore, deduct the particular amount corresponding to AT+T and staples from the account balance.

Further during July 19, amount is deposited for which the account is credited.

Therefore, add the particular amount of deposit to the balance account.

Continue the same procedure and fill the check register for July 2015 as shown below:

RECORD ALL CHARGES OR CREDITS THAT AFFECT YOUR ACCOUNT
NUMBER	DATE2015	DESCRIPTIONOF TRANANSACTION	PAYMENT/DEBIT(−)		√	FEE(IF ANY)(−)	DEPOSIT/CREDIT(+)		BALANCE
									$4,500	75
959	7/7	AT + T	$143	50		$	$		– 143	50
									4,357	25
960	7/15	Staples	66	10					– 66	10
									4291	15
	7/19	Deposit					800	00	+ 800	00
									5,091	15
961	7/20	West Electric	451	88					– 451	88
									4639	27
962	7/24	Bank of America	319	24					– 319	24
									4320	03
	7/19	Deposit					400	30	+ 400	30
									$4,720	33

Table 2

Therefore, the check register balance is $\underset{\_}{\$4,720.33}$.