Banks are finding more ways to charge fees, such as a $33.00 overdraft fee. Sue McVickers has an account in Fayetteville: she has received her bank statement with this $33.00 charge. Also, she was charged a $10.80 service fee: however, the good news is she earned $13.35 interest. Her bank statement's balance was $459.45, but it did not show the $1,295.65 deposit she had made. Sue's checkbook balance shows $695.60. The following checks have not cleared: Number 250, $671.45; Number 253, $249.50; and Number 254, $169.00. Prepare Sue's bank reconciliation. Note: Input all amounts as positive values. Round your answers to 2 decimal places. Sue's checkbook balance Add Subtotal Deduct Subtotal Reconciled balance BANK RECONCILIATION Bank balance Add Subtotal Deduct Reconciled balance

Banks are finding more ways to charge fees, such as a $33.00 overdraft fee. Sue McVickers has an account in Fayetteville: she has received her bank statement with this $33.00 charge. Also, she was charged a $10.80 service fee: however, the good news is she earned $13.35 interest. Her bank statement's balance was $459.45, but it did not show the $1,295.65 deposit she had made. Sue's checkbook balance shows $695.60. The following checks have not cleared: Number 250, $671.45; Number 253, $249.50; and Number 254, $169.00. Prepare Sue's bank reconciliation. Note: Input all amounts as positive values. Round your answers to 2 decimal places. Sue's checkbook balance Add Subtotal Deduct Subtotal Reconciled balance BANK RECONCILIATION Bank balance Add Subtotal Deduct Reconciled balance

Essentials of Business Analytics (MindTap Course List)

2nd Edition

ISBN:9781305627734

Author:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson

Publisher:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson

Chapter5: Probability: An Introduction To Modeling Uncertainty

Section: Chapter Questions

Problem 11P: A local bank reviewed its credit-card policy with the intention of recalling some of its credit...

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Banks are finding more ways to charge fees, such as a $25.40 overdraft fee. Sue McVickers has an account in Fayetteville; she has received her bank statement with this $25.40 charge. Also, she was charged a $9.90 service fee; however, the good news is she earned $14.95 interest. Her bank statement's balance was $647.45, but it did not show the $1,234.25 deposit she had made. Sue's checkbook balance shows $722.60. The following checks have not cleared: Number 250, $664.35; Number 253, $370.40; and Number 254, $144.70. Prepare Sue's bank reconciliation. Note: Input all amounts as positive values. Round your answers to 2 decimal places. Sue's checkbook balance Add: Deposit in transit Deposit in transit Subtotal Deduct: Subtotal Reconciled balance BANK RECONCILIATION Bank balance Add: Deposit in transit Interest Subtotal Deduct: Maintenance fee Reconciled balance
Banks are finding more ways to charge fees,such as a $34.60 overdraft fee. Sue McVickers has an account in Fayetteville;she has received her bank statement with this $34.60 charge.Also, she was charged a $14.20 service fee; however, the good news is she earned $6.25 interest .her bank statement's balance was 546.45 but it did now shows the $1288.65 deposit she had made. Sue's checkbook balance shows $731.70.The following checks have not cleared: Number 250 $645.45 ; Number 253,$291.00 and number 254, $209.50
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A local bank began charging $3.40 each month for returning canceled checks. The bank also has an $8.10 "maintenance" fee if a checking account slips below $750.00. Donna Sands likes to have copies of her canceled checks for preparing her income tax returns. She has received her bank statement with a balance of $603.73. Donna received $4.88 in interest and has been charged for the canceled checks and the maintenance fee. The following checks were outstanding: Number 94, $133.49, Number 96, $111.40, Number 98, $212.28; and Number 99, $82.30. A deposit of $777.15 was not recorded on Donna's bank statement. Her checkbook shows a balance of $848.03. Prepare Donna's bank reconciliation. Note: Input all amounts as positive values. Round your answers to 2 decimal places. Donna's checkbook balance Add: Subtotal Deduct Subtotal Reconciled balance BANK RECONCILIATION Bank balance Add Subtotal Deduct. Reconciled balance
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Ben 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 balance
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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 balance
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