CHAPTER
22
Banking Services and Procedures
Vocabulary Review
Fill in the blanks with the correct vocabulary terms from this chapter. 1. Judy was unaware that checks were processed through at her bank. before they arrived
2. Because Alicia was the person who wrote the check, she was considered to be the . 3. When the Blackburn Clinic purchased the ultrasound machine, they paid $10,000 toward the so that they would be charged less interest. 4. Pamela wrote a check to Samantha, so Pamela is the . and Samantha is the
5. The of a check is the person who is presenting it for payment and may not be the person named as the payee. 6. Grace studied the , which is a series of laws that regulates sales of goods, commercial paper, secured
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Cindy Chan paid $10 more than she owed when she was seeing Dr. Hughes. Refund her money using check #5654. 29. Carter Graves decided to postpone his knee surgery when his wife suddenly became ill. Use check #5655 to refund his $500 deposit. 30. Determine the balance of the checking account after the funds in questions 26 to 29 have been deducted.
Part IV: Prepare a Bank Deposit Prepare a bank deposit detail for a $2230.00 deposit. Use the information in questions 31 to 34. Record your answers on the figure in Work Product 22-1. 31. Cash receipts total $646.68; $2.68 was in coins. 32. Check payments were #2387 for $67.00 from Sue Patrick and #460 for $50.00 from Ronald Rodriguez. 33. Credit card payments were $25.00 and $67.00. Pam Adtkins paid the $25.00 payment, and Brad Wilson paid the $67.00 payment. 34. An insurance payment for Alejandro Sanchez arrived in the amount of $1374.32. The payment was from Aetna and was check #309.
Part V: Reconcile a Bank Statement Reconcile the bank statement using the facts and figure that follow. Use the figure on page 289 to show your work. 35. The checkbook balance is $4616.96. 36. The statement balance is $6792.79 (this amount includes the deposit of $2230.00—do not add that amount in again). 37. Three checks are outstanding: check #5648 for $356.00; check #5649 for $46.90; and check #5650 for $1770.00. 38. Does the checkbook reconcile with the statement?
Copyright © 2007, 2003 by Saunders, an imprint of Elsevier Inc. All
On December 11, MD received an order for a total price of $22,100. Barbor Furniture Ltd. (Barbor) provided a deposit of $9,000 which was recorded as revenue when it was received on December 13. Barbor was not billed until January 2. The order was not shipped until after the year end on January 2. The remaining balance owing was recorded in accounts receivable and
Summary: Chapter 2: Kimball and Mark moved to a winter-farm and made the decision that they would provide an “all-day diet” for everyone, just as they had for themselves and not provide only seasonal vegetables. This would not be an easy task and to achieve it they would have to change and rethink their way of farming, so they could provide everything, from lettuce to meat. Kimball also describes her experiencing of milking a cow, along with which she learned how to filter the milk and make cheese and butter. Furthermore, she discusses her setting. She was in a town with 700 people and she all of them really well, unlike New York, where people do not even know their neighbors unless they want to complain about noise.
Case 4: As of January 1, the Lohse Company owes the First Arbor Bank $350,000 which is due on December 31. Since Lohse seems unable to repay the note, the bank agreed that Lohse can “settle” this balance by agreeing to make four, annual installments on each of the next four years, provided that it adds a “due on
* Photocopies of fronts of two checks payable to Lisa (for $61.00 and 478.29) but the canceled checks were not able to be located or find evidence that it cleared IBC’s bank account. (508)
b. There are two differences between the bank statement and the check register. Describe each of them. (2-4 sentences. 1.0 points) TIP: These are transactions that Jessie
Yesterday’s Kin starts out with geneticist Marianne Jenner. She had recently discovered the thirty-first haplogroup of mitochondrial DNA in Homo sapiens. During her researched it was discovered the thirty-first haplogroup was only in a few people. The FBI comes to her congratulation party to ‘asks’ her to follow them. The reason the FBI want her because a Deneb, an alien, wants to talk to her in person about her research. While talking to the Deneb, Smith, she discovers the thirty-first haplogroup matches with the Deneb DNA. This means the Denebs were originally from Earth a long time ago. These ‘humans’ have evolved differently from the Terrans, humans from Earth. The Denebs tell the Terrans, there is a space cloud full of fatal spores that
We are in receipt of your recent payment of $289.00. That payment is being returned to you enclosed with this letter for two reasons:
Discussed with Mrs.Evans parent overdue balance of $1,050. Per Mrs.Evans the parent needs to make 17 payments of 61.76/week towards his outstanding balance plus $13.00 week for tuition fee. I spoke to the father Jean informed him that he has an overdue balance of $1050. I explained he had agreement with Tashari and Mrs.Evans to make payments of $100.00 to catch up on his pastdue balance plus $13.00 tuition fee. This payment was to be made every week. Only one payment of $125 was made as of 12.4.015. I told him that we are going to work with him and lower his weekly payment to $61.76 plus $13.00 tuition fee totalling $74.76 per week. ,but he has to make payments every week or failure to do this will terminate child care services. I also explained
The checking and saving account changed from the previous figure due to bills. The checking account was at $551.72 and Brother Cuntry had to transfer a $1,000.00
A further police investigation revealed similar occurrences on March 14, March 23, and April 1. The total amount for all four deposits is $16,182.81. Hospital documents
Solon is renowned to be the rectifier of a perverted mode of constitution. His major reform concerns implementing a form of justice based on equal participation in political life, which is to say that his notion of justice is based on well-being or virtuous development of citizens. If we augment this conception with the descriptions of forms of justice in the previous chapters we can say that the distributive or corrective forms of justice are not the grounding ideas but rather means for the achievement of justice in the universal sense. Participation in political life is an activity for the sake of well-being which needs to have its roots in one’s own volition. This is the principle upon which Solon’s law
b. There are two differences between the bank statement and the check register. Describe each of them. (2-4 sentences. 1.0 points) TIP: These are transactions that Jessie Robinson forgot to write down in the check register.
$1,618,000 + $583,000 = $2,201,000 which is higher than the total in Problem 6.5 ($2,187,000).
Question 1 Question 2 Question 3 Question 4 B - £12,000 - £2,000 - £6,000 + £4,000 = £8,000 B - £8,000 - £90 - £300 = £7,610 D - £12,000 - £6,000 + £4,000 - £90 - £100 = £9,810 A - We can assume that the machinery is not for resale, therefore, the Purchases account is £1,200 too high. A - Discount received should be credited to discount received account and debited to the creditor’s personal account. B - £10,000 - £6,000 + £8,000 = £12,000 B - £14,000 - £40,000 - £220 - £1,000 + £53,220 = £26,000 E – The error here is with the creditor’s personal accounts.
501. Dependents who checked A. Amount, if any, from line 1 on front . . . . . . + 300.00 Enter total A. one or both 950.00 B. Minimum standard deduction . . . . . . . . . . . . . . . . . . . . . B . boxes