10. Use Allison Shannon's bank statement and check register to reconcile her account. CODE PLEASE BE SURE TO DEDUCT CHANGES THAT AFFECT YOUR ACCOUNT ITEM NO. FOR TRANSACTION 1500 1501 1502 1503 1504 Allison Shannon 3 Honey Drive Dallas, TX 75372 DATE 12/08 W/D 12/10 W/D 12/15 DEPOSIT 12/23 W/D 12/27 W/D 12/29 W/D 1505 1506 DATE 11/20 11/30 12/2 12/11 12/15 12/16 12/17 DESCRIPTION 12/18 1/5 DESCRIPTION OF TRANSACTION TO Girl Scouts FOR Cookies TO Bank of Seaford FOR Loan Payment TO Lacy's Department Store FOR Radio TO Charge Tix FOR Concert Tickets TO Deposit FOR CHECK NUMBER TO FLASHCARD FOR Monthly payment TO Red Cross FOR Donation TO Daily Newspaper FOR Subscription TO Deposit FOR 1502 1501 1504 1503 1506 SUBTRACTIONS AMOUNT OF PAYMENT OR WITHDRAWAL 32 00 130 00 V 147 28 72 00 250 00 100 00 26 00 ✓OTHER V STARTING BALANCE TRANSACTION AMOUNT ADDITIONS AMOUNT OF DEPOSIT OR INTEREST ACCOUNT NUMBER: 76574709A STATEMENT PERIOD: 12/01 - 12/31 147.28 130.00 749.00 250.00 72.00 26.00 ENDING BALANCE BALANCE FORWARD 749 00 150 00 1,685 91 -32 00 1,653 91 -130 00 1,523 91 -147 28 1,376 63 - 72 00 1304 63 +749 00 2,053 63 - 250 00 1,803 63 -100 00 1,703 63 -26 00 1,677 63 +150 00 1,827 63 $1,685.91 BALANCE $1,538.63 $1,408.63 $2,157.63 $1,907.63 $1,835.63 $1,809.63 $1,809.63
10. Use Allison Shannon's bank statement and check register to reconcile her account. CODE PLEASE BE SURE TO DEDUCT CHANGES THAT AFFECT YOUR ACCOUNT ITEM NO. FOR TRANSACTION 1500 1501 1502 1503 1504 Allison Shannon 3 Honey Drive Dallas, TX 75372 DATE 12/08 W/D 12/10 W/D 12/15 DEPOSIT 12/23 W/D 12/27 W/D 12/29 W/D 1505 1506 DATE 11/20 11/30 12/2 12/11 12/15 12/16 12/17 DESCRIPTION 12/18 1/5 DESCRIPTION OF TRANSACTION TO Girl Scouts FOR Cookies TO Bank of Seaford FOR Loan Payment TO Lacy's Department Store FOR Radio TO Charge Tix FOR Concert Tickets TO Deposit FOR CHECK NUMBER TO FLASHCARD FOR Monthly payment TO Red Cross FOR Donation TO Daily Newspaper FOR Subscription TO Deposit FOR 1502 1501 1504 1503 1506 SUBTRACTIONS AMOUNT OF PAYMENT OR WITHDRAWAL 32 00 130 00 V 147 28 72 00 250 00 100 00 26 00 ✓OTHER V STARTING BALANCE TRANSACTION AMOUNT ADDITIONS AMOUNT OF DEPOSIT OR INTEREST ACCOUNT NUMBER: 76574709A STATEMENT PERIOD: 12/01 - 12/31 147.28 130.00 749.00 250.00 72.00 26.00 ENDING BALANCE BALANCE FORWARD 749 00 150 00 1,685 91 -32 00 1,653 91 -130 00 1,523 91 -147 28 1,376 63 - 72 00 1304 63 +749 00 2,053 63 - 250 00 1,803 63 -100 00 1,703 63 -26 00 1,677 63 +150 00 1,827 63 $1,685.91 BALANCE $1,538.63 $1,408.63 $2,157.63 $1,907.63 $1,835.63 $1,809.63 $1,809.63
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
100%
I need help with 6 and 10
![9. When Payne removed his bank statement from the envelope, it got caught
on a staple and a corner was ripped from the page. Now he cannot read
his ending balance. Explain the computations he can do to find his ending
balance.
CODE
ITEM NO. FOR
TRANSACTION
1500
1501
1502
PLEASE BE SURE TO DEDUCT
CHANGES THAT AFFECT YOUR ACCOUNT
1503
1504
Payne Johnston
1234 Main Street
Miami, FL 33299
1505
DATE
1/08
1/11
1/15
1/24
1/27
1/30
1506
10. Use Allison Shannon's bank statement and check register to reconcile her
account.
Allison Shannon
3 Honey Drive
Dallas, TX 75372
DATE DESCRIPTION
12/08 W/D
12/10 W/D
12/15 DEPOSIT
12/23 W/D
12/27 W/D
12/29 W/D
DATE
11/20
11/30
12/2
12/11
12/15
DESCRIPTION
12/16
W/D
W/D
DEPOSIT
W/D
W/D
W/D
12/17
12/18
1/5
DESCRIPTION OF TRANSACTION
CHECK NUMBER
TO Charge Tix
FOR Concert Tickets
TO Deposit
FOR
TO Girl Scouts
FOR Cookies
TO Bank of Seaford
FOR Loan Payment
TO Lacy's Department Store
FOR Radio
TO FLASHCARD
FOR Monthly payment
TO Red Cross
FOR Donation
TO Daily Newspaper
FOR Subscription
TO Deposit
FOR
5502
5501
5504
5503
5506
CHECK NUMBER
1502
1501
1504
1503
1506
SUBTRACTIONS
AMOUNT OF
PAYMENT OR
WITHDRAWAL
32 00
130 00
147 28
72 00
250 00
100 00
26 00
S
✓OTHER
>
STARTING BALANCE
TRANSACTION AMOUNT
S
ACCOUNT NUMBER: 99887766D
STATEMENT PERIOD: 1/1-1/31
121.28
140.00
998.15
107.78
12.00
58.70
ENDING BALAN
STARTING BALANCE
TRANSACTION AMOUNT
ADDITIONS
AMOUNT OF
DEPOSIT OR
INTEREST
147.28
130.00
749.00
250.00
72.00
26.00
ENDING BALANCE
749 00
ACCOUNT NUMBER: 76574709A
STATEMENT PERIOD: 12/01 - 12/31
BALANCE FORWARD
150 00
-$754.33
1,685 91
- 32 00
1,653 91
- 130 00
1,523 91
- 147 28
1,376 63
- 72 00
1304 63
+749 00
2,053 63
-250 00
1,803 63
- 100 00
1,703 63
-26 00
1,677 63
+150 00
1,827 63
BALANCE
$633.05
$493.05
$1,491.20
$ 1,383.42
$1,371.42
$12
other
-
$1,685.91
BALANCE
$1,538.63
$1,408.63
$2,157.63
$1,907.63
$1,835.63
$1,809.63
$1,809.63
2-2 Reconcile](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fca4bc77b-85ba-4acf-b173-5c54a021549b%2Fd7b817eb-01c3-4f2a-b245-0ce9371e9742%2Fwfojczu_processed.jpeg&w=3840&q=75)
Transcribed Image Text:9. When Payne removed his bank statement from the envelope, it got caught
on a staple and a corner was ripped from the page. Now he cannot read
his ending balance. Explain the computations he can do to find his ending
balance.
CODE
ITEM NO. FOR
TRANSACTION
1500
1501
1502
PLEASE BE SURE TO DEDUCT
CHANGES THAT AFFECT YOUR ACCOUNT
1503
1504
Payne Johnston
1234 Main Street
Miami, FL 33299
1505
DATE
1/08
1/11
1/15
1/24
1/27
1/30
1506
10. Use Allison Shannon's bank statement and check register to reconcile her
account.
Allison Shannon
3 Honey Drive
Dallas, TX 75372
DATE DESCRIPTION
12/08 W/D
12/10 W/D
12/15 DEPOSIT
12/23 W/D
12/27 W/D
12/29 W/D
DATE
11/20
11/30
12/2
12/11
12/15
DESCRIPTION
12/16
W/D
W/D
DEPOSIT
W/D
W/D
W/D
12/17
12/18
1/5
DESCRIPTION OF TRANSACTION
CHECK NUMBER
TO Charge Tix
FOR Concert Tickets
TO Deposit
FOR
TO Girl Scouts
FOR Cookies
TO Bank of Seaford
FOR Loan Payment
TO Lacy's Department Store
FOR Radio
TO FLASHCARD
FOR Monthly payment
TO Red Cross
FOR Donation
TO Daily Newspaper
FOR Subscription
TO Deposit
FOR
5502
5501
5504
5503
5506
CHECK NUMBER
1502
1501
1504
1503
1506
SUBTRACTIONS
AMOUNT OF
PAYMENT OR
WITHDRAWAL
32 00
130 00
147 28
72 00
250 00
100 00
26 00
S
✓OTHER
>
STARTING BALANCE
TRANSACTION AMOUNT
S
ACCOUNT NUMBER: 99887766D
STATEMENT PERIOD: 1/1-1/31
121.28
140.00
998.15
107.78
12.00
58.70
ENDING BALAN
STARTING BALANCE
TRANSACTION AMOUNT
ADDITIONS
AMOUNT OF
DEPOSIT OR
INTEREST
147.28
130.00
749.00
250.00
72.00
26.00
ENDING BALANCE
749 00
ACCOUNT NUMBER: 76574709A
STATEMENT PERIOD: 12/01 - 12/31
BALANCE FORWARD
150 00
-$754.33
1,685 91
- 32 00
1,653 91
- 130 00
1,523 91
- 147 28
1,376 63
- 72 00
1304 63
+749 00
2,053 63
-250 00
1,803 63
- 100 00
1,703 63
-26 00
1,677 63
+150 00
1,827 63
BALANCE
$633.05
$493.05
$1,491.20
$ 1,383.42
$1,371.42
$12
other
-
$1,685.91
BALANCE
$1,538.63
$1,408.63
$2,157.63
$1,907.63
$1,835.63
$1,809.63
$1,809.63
2-2 Reconcile
![Services
DATE
3/3
3/4
3/10
3/14
3/19
3/24
3/30
395
Tina Weaver
41 Slider Lane
Greenwich, CT 06830
396
397
(
398
6. Use Tina Weaver's monthly statement and check register to reconcile her
account.
a. What is the ending balance on the statement?
b. What is the total of the outstanding deposits?
399
c. What is the total of the outstanding withdrawals?
d. What is the revised statement balance?
e. What is the balance of the check register?
f. Does the account reconcile?
DESCRIPTION
NUMBER OR
CODE
392 2/20 Conn Telephone Co.
393 2/21 Rod's Bike Shop
394 3/1 Window's Restaurant
3/2 Centsible Bank
3/4 Deposit
3/4 Spear's Department Store
3/15 Mary Lewis
3/21 Sea Cliff Records
3/23 Deposit
W/D
DEPOSIT
W/D
W/D
W/D
DEPOSIT
W/D
CHECK NUMBER
DATE
395
396
393
394
398
TRANSACTION DESCRIPTION
4/2 Ciangiola Motors
4/2 Deposit
STARTING BALANCE
TRANSACTION AMOUNT
$79.00
$ 600.00
$51.10
$12.00
$ 133.81
$250.00
$11.40
deposition ENDING BALANCE
ACCOUNT NUMBER: 766666600A
STATEMENT PERIOD: 3/01-3/31
PAYMENT
AMOUNT
76 80 ✓
12 00
133 81
79 00
· 51 10
50 00
11 40
BOTE 2001 JUO
39 00
✓ FEE
-
-
DEPOSIT
AMOUNT
emotsie
600 00
$871.50
BALANCE
$792.50
$1,392.50
$ 1,341.40
$ 1,329.40-
$ 1,195.59
$1,445.59
$ 1,434.19
$1,434.19
250 00
$ BALANCE
700 00 10
beaives
8. Mason discovered that when he recorded a deposit of $75 two weeks
ago, he mistakenly subtracted it from the running total in his check
register. He decided that he would write a new entry after his most
recent entry and add $75. Will this correct his mistake? Explain.
871.50
859.50
725.69
646.69
1,246.69
1,195.59
im
1,145.59
1,134.19
1,384.19
1,345.19
som bili no
7. Donna has a checking account that charges $0.15 for each check written and
a monthly service charge of $9.75. Write a formula that Donna can use each
month to find the fees she will be charged. Identify any variable you use in the
formula.
2,045.19](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fca4bc77b-85ba-4acf-b173-5c54a021549b%2Fd7b817eb-01c3-4f2a-b245-0ce9371e9742%2Fkszs63_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Services
DATE
3/3
3/4
3/10
3/14
3/19
3/24
3/30
395
Tina Weaver
41 Slider Lane
Greenwich, CT 06830
396
397
(
398
6. Use Tina Weaver's monthly statement and check register to reconcile her
account.
a. What is the ending balance on the statement?
b. What is the total of the outstanding deposits?
399
c. What is the total of the outstanding withdrawals?
d. What is the revised statement balance?
e. What is the balance of the check register?
f. Does the account reconcile?
DESCRIPTION
NUMBER OR
CODE
392 2/20 Conn Telephone Co.
393 2/21 Rod's Bike Shop
394 3/1 Window's Restaurant
3/2 Centsible Bank
3/4 Deposit
3/4 Spear's Department Store
3/15 Mary Lewis
3/21 Sea Cliff Records
3/23 Deposit
W/D
DEPOSIT
W/D
W/D
W/D
DEPOSIT
W/D
CHECK NUMBER
DATE
395
396
393
394
398
TRANSACTION DESCRIPTION
4/2 Ciangiola Motors
4/2 Deposit
STARTING BALANCE
TRANSACTION AMOUNT
$79.00
$ 600.00
$51.10
$12.00
$ 133.81
$250.00
$11.40
deposition ENDING BALANCE
ACCOUNT NUMBER: 766666600A
STATEMENT PERIOD: 3/01-3/31
PAYMENT
AMOUNT
76 80 ✓
12 00
133 81
79 00
· 51 10
50 00
11 40
BOTE 2001 JUO
39 00
✓ FEE
-
-
DEPOSIT
AMOUNT
emotsie
600 00
$871.50
BALANCE
$792.50
$1,392.50
$ 1,341.40
$ 1,329.40-
$ 1,195.59
$1,445.59
$ 1,434.19
$1,434.19
250 00
$ BALANCE
700 00 10
beaives
8. Mason discovered that when he recorded a deposit of $75 two weeks
ago, he mistakenly subtracted it from the running total in his check
register. He decided that he would write a new entry after his most
recent entry and add $75. Will this correct his mistake? Explain.
871.50
859.50
725.69
646.69
1,246.69
1,195.59
im
1,145.59
1,134.19
1,384.19
1,345.19
som bili no
7. Donna has a checking account that charges $0.15 for each check written and
a monthly service charge of $9.75. Write a formula that Donna can use each
month to find the fees she will be charged. Identify any variable you use in the
formula.
2,045.19
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