Concept explainers
From the following information, complete the checkbook register on page 104 through October 10.
Cheryl Roberts' account balance on September 26 was $1,196.19. On October 1. she received $3.023.11 by electronic payroll deposit. Also on October 1. she wrote check #1804 to pay her rent in the amount of $1,175.00. Cheryl used her debit card to make purchases on September 28 for $37.79. on October 2 for $311.86. and on October 3 for $164.26. On October 8. she paid her electricity bill, gas bill, and phone bill using her bank's online bill-paying service. Her electricity bill was $142.87. Gas was $18.46. and phone amounted to $38.52. On October 9, she deposited a rebate check for $50.
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Chapter 4 Solutions
Contemporary Mathematics for Business & Consumers
- Directions: Record the following transactions on the check register below. Keep a running balance. 1. You have a beginning balance of $1054.65. 2. You receive your paycheck on July 9 for the amount of $867.89. One hundred dollars was placed into your 2202savings account before depositing the rest into your checking account. Total deposit was $767.89. 3. On July 11 you write check number 1029 to Time Warner to pay your cable bill. Total amount is $45.56. 4. On July 13 you write check number 1030 to B.F.I. to pay your garbage bill. Total amount is $56.78. 5. On July 13 you use your debit card to buy food at Publix. Total amount is $34.56. 6. On July 14 you visit the mall and pull money out of an ATM. It is not your bank's ATM and the fee is $2.00. The amount that you withdraw is $40.00. 7. On July 15 you write check number 1031 to Pinellas County Utilities to pay your water bill. Total amount is $120.34. 8. On July 15 you write check number 1032 to Bank of America to pay your mortgage.…arrow_forwardKaitlin had the following number of daily balances within a 31 day period on her credit card account. What was the average daily balance on the account? For three days the balance was $654.32 For eleven days the balance was $880.09 For nine days the balance was $1,166.06 For five days the balance was $1,515.15 For three days the balance was $1,903.31 $1,142.72 $1,265.15 $1,180.81 $2,952.14 O $34,525.17arrow_forwardRandy's automobile insurance policy has an annual deductible of $400. His bill for a recent collision repair, which was his first insurance claim of the year, was $900. How much did Randy pay out-of-pocket for the repair? O a. $500 O b. $400 O c. $0 (His insurance covers the entire bill) O d. $350arrow_forward
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- Mary paid $456 for an annual contract to an ISP on July 1, 2012. She terminated her contract with the ISP on March 8. The contract requires to refund a prorated amount to the exact number of days remaining in the period of coverage. A $50 service charge is then deducted. What refund will Mary receive?arrow_forwardJoe I married and claims three allowances. The gross earnings on his last bi-weekly check were $1895. Find Joe's federal withholding taxes for this pay.arrow_forwardLuisa Perez had a balance of $541.82 in her checking account on January 7. On January 10, she wrote a check to Marty's Hair Salon for $27.19. What is her new balance? Select one: O a. $494.63 O b. $514.63 O c. $27.19 O d. $569.01arrow_forward
- Jennifer examined her checking account register. She thought her balance was $198.50. However she forgot to subtract an ATM withdrawal of $40. She was also charged $2.50 for using the ATM. What is her actual balance? ..... What is her actual balance? $arrow_forwardThe Earhardt Flight School had accounts receivable of $91,500 and an average collection period of 35 days. What were the total credit sales for Earhardt?arrow_forwardStacey's cell phone bill is automatically deducting $81 from her bank account each month. How much will the deductions total for a yeararrow_forward
- Algebra: Structure And Method, Book 1AlgebraISBN:9780395977224Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. ColePublisher:McDougal Littell