On June 30, the check register balance is $391.04. The service charge is $4.10, and interest earned is $1.23. Check #124 for $9.53 was not entered, and a debit purchase for $15.75 was incorrectly entered as $17.55. A deposit for $81.70 was not entered.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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On June 30, the check register balance is $391.04. The service charge is $4.10, and interest earned is $1.23. Check #124 for $9.53 was not entered, and a debit purchase for $15.75 was incorrectly entered as $17.55. A deposit for $81.70 was not entered.

Question 1

What is the total amount that should be deducted from the checkbook register balance?

Answers

A.

$129.86

B.

$31.18

C.

$29.38

D.

$19.85

Question 2

What is the corrected checkbook balance?

Answers

A.

$465.14

B.

$481.20

C.

$462.14

D.

$261.18

Question 3

On April 1, your checkbook balance is $442.22, and the bank statement balance is $542.33. The service charge is $2.80, and interest earned is $1.57. Outstanding are check #131 for $53.34 and debit purchases of $18.92 and $29.08. What is your available bank balance?

Answers

A.

$440.99

B.

$442.22

C.

$437.85

D.

$443.45

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