. Alec Tomita's savings account statement is shown below What is his new balance?PreviousBalanceS568.23InterestDepositsWithdrawals$2.37$562.32S874.3614. Rosa Izquierdo has checks for $50.00 and $35.00. She also has 2 twenty-dollar bills. She would like toreceive $25.00 in cash and deposit the rest in her saving account. What is the total deposiť??15. Angel Garcia deposited his $750 federal income tax refund check into his savings account. The accountpays 5% and he made no other deposits or withdrawals. How much is in the account after 3 months?16. George Faust deposited $3,000 in a savings account that earns 4% compounded quarterly. He made ncother deposits or withdrawals. What is the amount in the account at the end of the second quarter?

Answered: 13. Alec Tomita's savings account…

13. Alec Tomita's savings account statement is shown below. What is his new balance? Previous Balance $568.23 Interest Deposits Withdrawals $2.37 $562.32 S874.36

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter6: Bank Accounts, Cash Funds, And Internal Controls

Section: Chapter Questions

Problem 4QY: What is the journal entry to record an NSF check, from J. Smith for 250, that is returned with the...

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Concept explainers

Bookkeeping

Bookkeeping is the process of recording the financial transactions of a company on a regular basis. With the process of bookkeeping, companies can track important financial information that helps management in making crucial decisions.

Question

. Alec Tomita's savings account statement is shown below What is his new balance?
Previous
Balance
S568.23
Interest
Deposits
Withdrawals
$2.37
$562.32
S874.36
14. Rosa Izquierdo has checks for $50.00 and $35.00. She also has 2 twenty-dollar bills. She would like to
receive $25.00 in cash and deposit the rest in her saving account. What is the total deposiť??
15. Angel Garcia deposited his $750 federal income tax refund check into his savings account. The account
pays 5% and he made no other deposits or withdrawals. How much is in the account after 3 months?
16. George Faust deposited $3,000 in a savings account that earns 4% compounded quarterly. He made nc
other deposits or withdrawals. What is the amount in the account at the end of the second quarter?

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