Marcy bought a new pair of designer shoes and a matching purse. She paid using a method that would immediately deduct the amount she spent from her bank account. How did she pay? A Debit Card B Check C Cash D Credit Card
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Marcy bought a new pair of designer shoes and a matching purse. She paid using a method that would immediately deduct the amount she spent from her bank account. How did she pay?
A Debit Card
B Check
C Cash
D Credit Card
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- Sidney took a $300 cash advance by using checks linked to her credit card account. The bank charges a 2 percent cash advance fee on the amount borrowed and offers no grace period on cash advances. Sidney paid the balance in full when the bill arrived. a)What if she had made the purchase with her credit card and paid off her bill in full promptly? Assume the credit card has a grace period.What if she had made the purchase with her credit card and paid off her bill in full promptly? Assume the credit card has a grace period.?Saved Ben Luna received his bank statement with a $30.62 fee for a bounced-check (NSF). He has an $856.80 monthly mortgage payment paid through his bank. There was also a $6.00 teller fee and a check printing fee of $7.25. His ATM card fee was $7.60. There was also a $667.50 deposit in transit. The bank shows a balance of $95.13. The bank paid Ben $2.75 in interest. Ben's checkbook shows a balance of $1,532.80. Check No. 234 for $101.15 and check No. 235 for $34.20 were outstanding. Prepare Ben's bank reconciliation. (Input all amounts as positive values. Round your answers to 2 decimakplaces.) BANK RECONCILIATION Ben's checkbook balance Bank balance Add: Add: Subtotal Subtotal Deduct: Deduct: Subtotal Reconciled balance Reconciled balance
- Frank forges the signature of his father on a cheque and draws $5,000 from the account. Examine the legal position of the paying bank. Who is the drawer, drawee, payee, and holder of the BoE?Bank Charged OMR 15 as bank charges to Mundher for replacing his lost credit card. Journalize the transaction in Mundher's cash book and show how the transaction is presented in the Bank statement.Tracy has the following transactions written down and plans on entering them into her register. Her starting balance is $178.85. She wrote checks for $37.12, $45.60, and got a check from her friend for $40 she owed her. What is Tracy's current balance in the account?
- Ben Luna received his bank statement with a $31.52 fee for a bounced check (NSF). He has an $919.20 monthly mortgage payment paid through his bank. There was also a $3.20 teller fee and a check printing fee of $8.40. His ATM card fee was $10.00. There was also a $543.90 deposit in transit. The bank shows a balance of $232.91. The bank paid Ben $2.73 in interest Ben's checkbook shows a balance of $1,575.40. Check No. 234 for $100.75 and check No. 235 for $70.25 were outstanding Prepare Ben's bank reconciliation. (Round your answers to 2 decimal places.) Ben's checkbook balance Add: Subtotal Deduct: Reconciled balance Bank balance Add: Subtotal Deduct: Reconciled balanceBen Luna received his bank statement with a $31.35 fee for a bounced-check (NSF). He has an $841.80 monthly mortgage payment paid through his bank. There was also a $3.35 teller fee and a check printing fee of $7.10. His ATM card fee was $8.50. There was also a $571.05 deposit in transit. The bank shows a balance of $268.33. The bank paid Ben $3.03 in interest. Ben's checkbook shows a balance of $1,535.60. Check Number 234 for $121.10 and check Number 235 for $71.75 were outstanding. Prepare Ben's bank reconciliation. Note: Input all amounts as positive values. Round your answers to 2 decimal places. Ben's checkbook balance. Add: Subtotal Deduct: Subtotal Reconciled balance BANK RECONCILIATION Bank balance Add: Subtotal Deduct: Reconciled balanceUse the example attached to help fill out Zoe's checking account register. Use the information below to log Zoe’s payments and deposits in her checking account register. Wednesday, 9/26 Zoe received her car insurance bill in the mail today. She writes a check for $115 to pay the bill. Record the amount for check #101 in her check register.
- Mr. Khalid has a current account in a bank with a credit balance of RO 97,000. He has withdrawn cash of RO 1,000 through ATM machine and paid RO 24,400 to his creditor by cheque. After these transactions his current account balance will be: a. RO 71,600 b. RO 51,600 c. RO 71,400 d. RO 21,600For the following question, reconcile the bank statement and check register. Would they need to make an adjustment or does everything reconcile? Sylvia’s checkbook balance on July 31 is $389.32. The information on her bank statement is given below. The outstanding checks, unrecorded deposits, and unrecorded ATM transactions are listed here also. From this information will her account reconcile? Bank statement: $434.30; Interest: $0.79; Service charge: $2.75 Outstanding checks: #911: $53.29; #912: $31.16; #913: $20.04; #920: $11.42; #923: $24.50; #925: $16.90; #930: $33.30; #932: $8.70; #933: $10.55. Unrecorded deposits ATM: 7/30: $183.52; 7/31: $69.40. Unrecorded ATM withdrawals: 7/30: $40.00; 7/31: $50.00 Bank Statement Reconcile Amount: Check Register Reconcile Amount:The current month's bank statement for your account arrives in the mail. In reviewing the statement, you notice a deposit listed for $400 that you did not make. It has been credited in error to your account. Discuss with your fellow classmates whether you have an ethical or legal obligation to inform the bank of the error. What action should you take?