Supposed that you have a business, and you are going to prepare checks for thefollowing: (You can create your own check or simply download a blank check) 150,000 payable to Ronald James Abad for the consultation fee. 65, 350.90 for the payment equipment purchased from Abenson ApplianceStore II.Bank StatementAccount Number 000123456789Account Name ABC CompanyLucky BankRatipunan BranchYZ Bullaling, Katpunan Avenue, Quezon CitySUMMARYBeginnng balanceTotal depositsTotal withdrawals45,674.45321,492.65(205,266.78)161,901.22Closing balanceTransactionCodeValue Date6/31/201471/20147/3/20147/5/20147/9/20147/11/2014715/2014716/2014717/2014718/20147/20/20147/20/20147/21/20147/21/20147/22/20147/24/20147/26/20147/26/20147/27/20147/28/20147/29/20147/30/2014731/20147/31/2014731/2014ReferenceDepositsDescriptionBEGNNING BALANGEDEPOSITCHECK PAYMENTAUTO DEBIT GLOBECHECK PAYMENTNTERESTBalance45,674.4570,674,4566,309.4565,611.4555,735.4556,027.77111,697.7798,364.77Withdrawals418214182325,000.00000123454,365.00698.009,876.00418254182941831418354183600012347292.3255,670.00DEPOSITCHECK PAYMENTDEPOSIT0001234413,333.00418375,460.00103,824,7779,915.9974,455.9970,999,9969,766.9963,026.9961,796.9927,229.99125,994,99131,426.9977,106.9940,325.9994,646.99171,199.22162,101.22161,901.22161,901.2241838CHECK PAYMENT00012348DM: RETURN CHECKCHECK PAYMENTAUTO DEBIT PLDTAUTO DEBIT MERALCOCHECK PAYMENTCHECK PAYMENTDEPOSITCM INTEREST-TDCHECK PAYMENT23,908.785,460.003.456.001,233.006,740.001,230.0034,567.00418404184000012346418414184141842bo012343b00123494184441845418464184798,765.005,432.00bo012352b001236454,321.0036,780.0041848CHECK PAYMENTDEPOSITDEPOSIT4184954,321.0076,582.234185041851bo012365CHECK PAYMENTDM: BANK FEESCLOSING BALANCE9,098.0041851-2200.00205,265.78321,492.551. How much is the total deposit?2. How much is the total check payment?3. What are auto-debit facilities? How much in total?

Working Notes :- 1. Total deposit & check payments , auto…

Answered: Supposed that you have a business, and…

Business

Accounting

Supposed that you have a business, and you are going to prepare checks for the

Quickbooks Online Accounting

3rd Edition

ISBN:9780357391693

Author:Owen

Publisher:Owen

Chapter4: Operating Activities: Sales And Cash Receipts

Section: Chapter Questions

Problem 3.6C

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Question

Supposed that you have a business, and you are going to prepare checks for the
following: (You can create your own check or simply download a blank check)
 150,000 payable to Ronald James Abad for the consultation fee.
 65, 350.90 for the payment equipment purchased from Abenson Appliance
Store

II.
Bank Statement
Account Number 000123456789
Account Name ABC Company
Lucky Bank
Ratipunan Branch
YZ Bullaling, Katpunan Avenue, Quezon City
SUMMARY
Beginnng balance
Total deposits
Total withdrawals
45,674.45
321,492.65
(205,266.78)
161,901.22
Closing balance
Transaction
Code
Value Date
6/31/2014
71/2014
7/3/2014
7/5/2014
7/9/2014
7/11/2014
715/2014
716/2014
717/2014
718/2014
7/20/2014
7/20/2014
7/21/2014
7/21/2014
7/22/2014
7/24/2014
7/26/2014
7/26/2014
7/27/2014
7/28/2014
7/29/2014
7/30/2014
731/2014
7/31/2014
731/2014
Reference
Deposits
Description
BEGNNING BALANGE
DEPOSIT
CHECK PAYMENT
AUTO DEBIT GLOBE
CHECK PAYMENT
NTEREST
Balance
45,674.45
70,674,45
66,309.45
65,611.45
55,735.45
56,027.77
111,697.77
98,364.77
Withdrawals
41821
41823
25,000.00
00012345
4,365.00
698.00
9,876.00
41825
41829
41831
41835
41836
00012347
292.32
55,670.00
DEPOSIT
CHECK PAYMENT
DEPOSIT
00012344
13,333.00
41837
5,460.00
103,824,77
79,915.99
74,455.99
70,999,99
69,766.99
63,026.99
61,796.99
27,229.99
125,994,99
131,426.99
77,106.99
40,325.99
94,646.99
171,199.22
162,101.22
161,901.22
161,901.22
41838
CHECK PAYMENT
00012348
DM: RETURN CHECK
CHECK PAYMENT
AUTO DEBIT PLDT
AUTO DEBIT MERALCO
CHECK PAYMENT
CHECK PAYMENT
DEPOSIT
CM INTEREST-TD
CHECK PAYMENT
23,908.78
5,460.00
3.456.00
1,233.00
6,740.00
1,230.00
34,567.00
41840
41840
00012346
41841
41841
41842
bo012343
b0012349
41844
41845
41846
41847
98,765.00
5,432.00
bo012352
b0012364
54,321.00
36,780.00
41848
CHECK PAYMENT
DEPOSIT
DEPOSIT
41849
54,321.00
76,582.23
41850
41851
bo012365
CHECK PAYMENT
DM: BANK FEES
CLOSING BALANCE
9,098.00
41851-2
200.00
205,265.78
321,492.55
1. How much is the total deposit?
2. How much is the total check payment?
3. What are auto-debit facilities? How much in total?

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