Chapter 04
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Contemporary Mathematics for Business and Consumers, Third Edition Robert A. Brechner Copyright © 2003 Thomson/South-Western Level 1 Chapter 4 - Section I - Exercise 7 Properly fill out the deposit slip for The Williamson Corp., based on the following a. Date: July 9, 20xx b. $16,580 in currency c. $62.25 in coins d. Checks in the abount of $2,455.94; $4,338.79; and $1,461.69 Note: Fill in the appropriate values and use Excel for all computations. The Williamson Corp CURRENCY DATE COIN CHECKS TOTAL-OTHER SIDE Bank of America TOTAL LESS CASH NET DEPOSIT
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Transcript of Chapter 04
Contemporary Mathematics for Business and Consumers, Third Edition Robert A. Brechner Copyright © 2003 Thomson/South-Western
Level 1Chapter 4 - Section I - Exercise 7
Properly fill out the deposit slip for The Williamson Corp., based on the following information:a. Date: July 9, 20xxb. $16,580 in currencyc. $62.25 in coinsd. Checks in the abount of $2,455.94; $4,338.79; and $1,461.69
Note: Fill in the appropriate values and use Excel for all computations.
The Williamson CorpCURRENCY
DATE COIN
CHECKS
TOTAL-OTHER SIDE
Bank of America TOTAL
LESS CASH
NET DEPOSIT
Contemporary Mathematics for Business and Consumers, Third Edition Robert A. Brechner Copyright © 2003 Thomson/South-Western
Level 2Chapter 4 - Section I - Exercise 8
Properly fill out the deposit slip for Sally Randall, based on the following information:a. Date: December 18, 20xxb. A check for $651.03c. $150 cash withdrawal
Note: Fill in the appropriate values and use Excel for all computations.
SALLY RANDALLCURRENCY
DATE COIN
CHECKS
TOTAL-OTHER SIDE
Bank of America TOTAL
LESS CASH
NET DEPOSIT
Contemporary Mathematics for Business and Consumers, Third Edition Robert A. Brechner Copyright © 2003 Thomson/South-Western
Level 1Chapter 4 - Section II - Exercise 1
On April 3, Skeeter King received her bank statement, showing a balance of $1,637.93.Her checkbook showed a balance of $1,493.90. Outstanding checks were $224.15,$327.80, $88.10, $122.42, and $202.67. There was an $8.00 service charge, and the depositsin transit amounted to $813.11. Use the form below to reconcile Skeeter's account.
Checks Outstanding
Amount
Total 0.00
CHECKBOOK BALANCE STATEMENT BALANCE
SUB TOTAL 0.00 SUB TOTAL 0.00
Deduct: Outstanding Checks 0.00
ADJUSTED CHECK BOOK BALANCE 0.00 ADJUSTED STATEMENT BALANCE 0.00
Add: Interest & Other Credits Add: Deposits in Transit
Deduct: Service Charges & Other Debits
Contemporary Mathematics for Business and Consumers, Third Edition Robert A. Brechner Copyright © 2003 Thomson/South-Western
Level 2Chapter 4 - Section II - Exercise 2
Bob Albrecht received his bank statement on July 5, showing a balance of $2,663.31. Hischeckbook had a balance of $1,931.83. The statement showed a service charge of $15.80and a note collected by the bank for Bob, in the abount of $200.00. (A note collected isa payment owed to Bob by someone who makes that payment directly to bob's bankaccount.) The deposits in transit totaled $314.12, and the outstanding checks were for$182.00, $261.40, and $418.00. Use the form below to reconcile Bob's account.
Checks Outstanding
Amount
Total
CHECKBOOK BALANCE STATEMENT BALANCE
SUB TOTAL SUB TOTAL
Deduct: Outstanding Checks
ADJUSTED CHECK BOOK BALANCE ADJUSTED STATEMENT BALANCE
Add: Interest & Other Credits Add: Deposits in Transit
Deduct: Service Charges & Other Debits
Contemporary Mathematics for Business and Consumers, Third Edition Robert A. Brechner Copyright © 2003 Thomson/South-Western
Level 3Chapter 4 - Assessment Test - Exercise 3
As cashier for the Country Kitchen Care, it is your responsibility to make the dailydeposits. Complete the deposit slip below based on the following information:a. Date: January 20, 20xxb. Checks totaling $344.20c. Currency of $547.00d. Coins: 125 quarters, 67 dimes, 88 nickels, and 224 pennies.
Note: Fill in the appropriate values and use Excel for all computations (including the total for the coins).
COUNTRY KITCKEN CAFÉCURRENCY
DATE COIN
CHECKS
TOTAL-OTHER SIDE
Grove Isle Bank TOTAL
LESS CASH
NET DEPOSIT
Contemporary Mathematics for Business and Consumers, Third Edition Robert A. Brechner Copyright © 2003 Thomson/South-Western
Level 3Chapter 4 - Assessment Test - Exercise 5
On October 1, Jennifer Bernhard received her bank statement showing a balance of$440.22. Her checkbook records indicate a balance of $338.97. There was a servicecharge for the month of 414.40 on the statement. The outstanding checks were for$47.10, $110.15, $19.80, and $64.10. The deposits in transit totaled $125.50. Use thefollowing form to reconcile Jennifer's checking account.
Checks Outstanding
Amount
Total
CHECKBOOK BALANCE STATEMENT BALANCE
SUB TOTAL SUB TOTAL
Deduct: Outstanding Checks
ADJUSTED CHECK BOOK BALANCE ADJUSTED STATEMENT BALANCE
Add: Interest & Other Credits Add: Deposits in Transit
Deduct: Service Charges & Other Debits
