PFIN 7:STUDENT EDITION-MINDTAP (1 TERM)
PFIN 7:STUDENT EDITION-MINDTAP (1 TERM)
7th Edition
ISBN: 9780357033647
Author: Billingsley
Publisher: CENGAGE L
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Chapter 4, Problem 6FPE

Checking account reconciliation. Use Worksheet 4.1. Mateo Gonzalez has an interest-paying (NOW) checking account at the Second State Bank. His checkbook ledger lists the following checks:

Chapter 4, Problem 6FPE, Checking account reconciliation. Use Worksheet 4.1. Mateo Gonzalez has an interest-paying (NOW) , example  1

Mateo also made the following withdrawals and deposits at an ATM near his home:

Chapter 4, Problem 6FPE, Checking account reconciliation. Use Worksheet 4.1. Mateo Gonzalez has an interest-paying (NOW) , example  2

Mateo’s checkbook ledger shows an ending balance of $286.54. He has just received his bank statement for the month of November. It shows an ending balance of $622.44; it also shows that he earned interest for November of $3.28, had a check service charge of $8 for the month, and had another $20 charge for a returned check. His bank statement indicates the following checks have cleared: 654, 662, 672, 674, 675, 676, 677, 678, 679, and 681. ATM withdrawals on 11/1 and 11/14 and deposits on 11/2 and 11/6 have cleared; no other checks or ATM activities are listed on his statement, so anything remaining should be treated as outstanding. Use a checking account reconciliation form like the one in Worksheet 4.1 to reconcile Mateo's checking account.

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What Is A Checking Account?; Author: The Smart Investor;https://www.youtube.com/watch?v=vGymt1Rauak;License: Standard Youtube License