MINDTAP FINANCE FOR GARMAN/FORGUE'S PER
MINDTAP FINANCE FOR GARMAN/FORGUE'S PER
13th Edition
ISBN: 9781337288347
Author: FORGUE
Publisher: CENGAGE LEARNING - CONSIGNMENT
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Chapter 5, Problem 3DTM

Reconciling a Checking Account. Andrew Parker, of San Marcos, Texas, has a checking account at the credit union affiliated with his university. Illustrated below are his monthly statement and check register for the account. Reconcile the checking

Account and answer the following questions.

  1. What is the total of the outstanding checks?
  2. What is the total of the outstanding deposits?
  3. Why is there a difference between the uncorrected balance in the check register and the balance on the statement?
  4. What is the updated and correct balance in the check register on the next page?

Chapter 5, Problem 3DTM, Reconciling a Checking Account. Andrew Parker, of San Marcos, Texas, has a checking account at the , example  1

Chapter 5, Problem 3DTM, Reconciling a Checking Account. Andrew Parker, of San Marcos, Texas, has a checking account at the , example  2

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