2.1 Determine the 'payments and credits' value, if the client paid 25% c the closing balance of the previous month's statement. 2.2 Calculate the closing balance.
2.1 Determine the 'payments and credits' value, if the client paid 25% c the closing balance of the previous month's statement. 2.2 Calculate the closing balance.
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter10: Cash Receipts And Cash Payments
Section: Chapter Questions
Problem 2QY: What is the entry to record the cash received on a sale of 500, credit terms 1/15, n/30, if the...
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Question
![2.
Study the account summary of the following credit card bank statement:
Account numbers 3642 0243.
Debits
Account summary
Gredits
Balance brought forward
R 2 000,80
Payments and credits
Purchases and debits
R 1 380,50
Interest charged
R
22,51
Transaction fees
8,90
Closing balance
2.1
Determine the 'payments and credits' value, if the client paid 25% of
the closing balance of the previous month's statement.
2.2
Calculate the closing balance.
Refer to the transaction fee structure on p. 96 for Question 3, 4 and 5.
3.
3.1
A client wants to deposit R350 into his account.
3.1.1 How much will it cost the client to deposit the cash at the
bank's own ATM if this is his first deposit of the month?
3.1.2 How much will it cost the client to deposit the cash inside the
branch if this is his sixth deposit this month?
3.1.3 How much will it cost the client to deposit a cheque of R350
at the bank's own ATM if this is his first deposit of the month?
3.1.4 How much will it cost the client to deposít a cheque of R350
inside the branch if this is his sixth deposit of the month?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F0b1272f7-7fdf-460b-8a03-730b38e35b8f%2F6ec5c2a2-55a3-4b30-838e-c163e3cfa7f6%2F82334q6_processed.jpeg&w=3840&q=75)
Transcribed Image Text:2.
Study the account summary of the following credit card bank statement:
Account numbers 3642 0243.
Debits
Account summary
Gredits
Balance brought forward
R 2 000,80
Payments and credits
Purchases and debits
R 1 380,50
Interest charged
R
22,51
Transaction fees
8,90
Closing balance
2.1
Determine the 'payments and credits' value, if the client paid 25% of
the closing balance of the previous month's statement.
2.2
Calculate the closing balance.
Refer to the transaction fee structure on p. 96 for Question 3, 4 and 5.
3.
3.1
A client wants to deposit R350 into his account.
3.1.1 How much will it cost the client to deposit the cash at the
bank's own ATM if this is his first deposit of the month?
3.1.2 How much will it cost the client to deposit the cash inside the
branch if this is his sixth deposit this month?
3.1.3 How much will it cost the client to deposit a cheque of R350
at the bank's own ATM if this is his first deposit of the month?
3.1.4 How much will it cost the client to deposít a cheque of R350
inside the branch if this is his sixth deposit of the month?
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