EBK CONTEMPORARY MATHEMATICS FOR BUSINE
8th Edition
ISBN: 9781305888715
Author: Brechner
Publisher: CENGAGE LEARNING - CONSIGNMENT
expand_more
expand_more
format_list_bulleted
Concept explainers
Textbook Question
Chapter 4.II, Problem 2RE
Bob Albrecht received his bank statement on July 5 showing a balance of $2.663.31.
His checkbook had a balance of $1,931.83. The statement showed a service charge of $15.80 and an electronic payroll deposit of $200.00. 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.
Expert Solution & Answer
Trending nowThis is a popular solution!
Students have asked these similar questions
Helpp
Directions: Record the following transactions on the check
register below. Keep a running balance.
1. You have a beginning balance of $1054.65.
2. You receive your paycheck on July 9 for the amount of
$867.89. One hundred dollars was placed into your
2202savings account before depositing the rest into your
checking account. Total deposit was $767.89.
3. On July 11 you write check number 1029 to Time Warner
to pay your cable bill. Total amount is $45.56.
4. On July 13 you write check number 1030 to B.F.I. to pay
your garbage bill. Total amount is $56.78.
5. On July 13 you use your debit card to buy food at Publix.
Total amount is $34.56.
6. On July 14 you visit the mall and pull money out of an
ATM. It is not your bank's ATM and the fee is $2.00.
The amount that you withdraw is $40.00.
7. On July 15 you write check number 1031 to Pinellas
County Utilities to pay your water bill. Total amount is
$120.34.
8. On July 15 you write check number 1032 to Bank of
America to pay your mortgage.…
The total interest on a discounted loan is $40. If Bob received $480 into his bank account, what is P0, the loan principal? Give your answer in dollars to the nearest dollar. Do not include the dollar symbol or commas in your answer.
Chapter 4 Solutions
EBK CONTEMPORARY MATHEMATICS FOR BUSINE
Ch. 4.I - Use the following blank to write a check for...Ch. 4.I - You have just received a check. Your account...Ch. 4.I - Fill out the deposit slip for Hi-Volt Electronics...Ch. 4.I - From the following information, complete the two...Ch. 4.I - You are the owner of the Busy Bee Launderette....Ch. 4.I - Prob. 2RECh. 4.I - You have just received a check. Your account...Ch. 4.I - You have just received a check. Your account...Ch. 4.I - You have just received a check. Your account...Ch. 4.I - Properly fill out the deposit slip for The Star...
Ch. 4.I - Properly fill out the deposit slip for Howard...Ch. 4.I - 8. From the following information, complete the...Ch. 4.I - From the following information, complete the...Ch. 4.I - 10. From the following information, complete the...Ch. 4.II - Using the form provided, reconcile the following...Ch. 4.II - 1. On April 3. Erin Gardner received her bank...Ch. 4.II - Bob Albrecht received his bank statement on July 5...Ch. 4.II - On December 2. John Leahy received his bank...Ch. 4 - 1. A(n) ___________ is a written order to a bank...Ch. 4 - On a check, the ___________ is the person or...Ch. 4 - When a(n) ___________ card is used, the amount of...Ch. 4 - 4. Write the word form of $52.45 as it would...Ch. 4 - Prob. 5CRCh. 4 - Prob. 6CRCh. 4 - Prob. 7CRCh. 4 - Prob. 8CRCh. 4 - Attached by perforation to checks, check...Ch. 4 - Prob. 10CRCh. 4 - Prob. 11CRCh. 4 - Prob. 12CRCh. 4 - Prob. 13CRCh. 4 - Prob. 14CRCh. 4 - Prob. 1ATCh. 4 - 2. You have just received a check. Your account...Ch. 4 - As cashier for Cellinis Pizza, it is your...Ch. 4 - Simon Fitzrowdy checked his checking account...Ch. 4 - Prob. 5ATCh. 4 - 6. On October 1, Jessica Clay received her bank...Ch. 4 - Using the form on page 121, prepare a bank...
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, subject and related others by exploring similar questions and additional content below.Similar questions
- A credit card account had a $261 balance on March 5. A purchase of $196 was made on March 12, and a payment of $200 was made on March 28. Find the average daily balance if the billing date is April 5. (Round your answer to the nearest cent.)arrow_forwardFind the amounts of Social Security and Medicare for the current pay. For each of the following employees. M. Bell has $583.16 in current gross earnings, and $30,411.18 in year-to -date earnings.arrow_forwardFind the savings plan balance after 6 months with an APR of 4% and monthly payments of $100. ... The balance is $ (Do not round until the final answer. Then round to the nearest cent as needed.)arrow_forward
- A patient receives an $800 medical procedure. The patient has an insurance plan with a 70/30 coinsurance agreement and a $200 deductible which they have not met. The insurance allows $550 on the procedure and the provider will write off the difference in the cost. How much will the insurance responsible be responsible for? How much will the patient be responsible for?arrow_forwardKaitlin had the following number of daily balances within a 31 day period on her credit card account. What was the average daily balance on the account? For three days the balance was $654.32 For eleven days the balance was $880.09 For nine days the balance was $1,166.06 For five days the balance was $1,515.15 For three days the balance was $1,903.31 $1,142.72 $1,265.15 $1,180.81 $2,952.14 O $34,525.17arrow_forwardYour mobile phone statement shows a balance of $178.59 and the payment is due on April 20. The statement says that payments received more than 15 days late will be charged a $20 late payment fee. By what date must you pay your balance to avoid the fee?arrow_forward
- On June 25, Easy Repair Service extended an offer of $154,000 for land that had been priced for sale at $175,000. On July 9, Easy Repair Service accepted the seller's counteroffer of $167,000. On October 1, the land was assessed at a value of $251,000 for property tax purposes. On December 22, Easy Repair Service was offered $267,000 for the land by a national retail chain. At what value should the land be recorded in Easy Repair Service's records?arrow_forwardJill lived and worked in North Carolina for the entire 2013 tax year. Her adjusted gross income was $78,000 and she qualifies for the standard deduction of $3000 and exemption of $2000. Use the following 2011-2013 NC tax rate schedule (taken from http://www.dor.state.nc.us/taxes/individual/rates.html) to calculate her 2013 NC tax. If your filing status is single; and taxable income is more than: $0 $12,750 $60,000 but not over: 1% $12,750 $60,000 Jill's 2013 NC tax is: $ (Round to the nearest dollar.) What is Jill's effective tax rate? [Tax paid divided by taxable income] (Write as a percent, rounded to one decimal place.) your tax is: 6% OF THE NC TAXABLE INCOME AMOUNT ON FORM D- 400 $765 + 7% OF THE AMOUNT OVER $12,750 $4,072.50 +7.75% OF THE AMOUNT OVER $60,000arrow_forwardAnn kept the record below of transactions to her savings account. Ann's Account Ledger Date Transaction Name Deposits Withdrawals 3/14 Bike -32.00 3/16 Babysitting 15.00 3/23 Lawn pay 30.00 3/24 New book -17.00 3/30 Bank fees -3.00 Which transaction shows the greatest change to the balance of the savings account? O Babysitting O New book O Lawn pay O Bike https://student.masteryconnect.com/?tok=YS7jmqD1EyRPtWjmkGO6qUeAer2IKJTp0Enbh6pJxPVWgzmtNFlqzpJ01980hlgS3Xfv_nHwBhlgWnibvvPpEw&iv=skQLH45gh tvarrow_forward
- On March 1st, 2020, Melanie has $3,000.00 in her bank account. Throughout the month of March, she made the following transactions, so what is her ending balance on March 31st, 2020? March 3rd. Issued Cheque No. 334 to Smith Corporation for $345.80 March 8th. Deposited $653.80 March 15th. Withdrawal $200.00 cash March 18th: Isued Cheque No. 335 to Rogers Inc. for $128.70 March 22nd. Deposited $780.90 March 27th. Isued Cheque No. 336 to Tiffany Co. for $275.30 March 30th. Issued Cheque No. 337 to Peters Corp. for $175.80 a. $3,309.10 b. $5,560.30 O c. $2,690.90 O d. $439.70 Type here to search 24arrow_forwardMarina had an accident with her car and the repair bill came to $900. She didn’t have any emergency fund money and no extra money in her monthly budget, so she ended up borrowing from a pay-day loan company. As long as she can pay the loan back at the end of the 30 day period she won’t be charged any interest, technically. However, she did have to pay an $17 processing fee per $100 that she borrowed. If she were to consider the processing fee to represent interest paid in her formula, what would she discover to be the annual interest rate she was charged on her short term loan?arrow_forwardMs. Asma is paying the premium of her car insurance company four (4) times a year. We can call it as premium. O a. Semi-annually O b. Monthly O c. Annually O d. Quarterlyarrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
- Algebra: Structure And Method, Book 1AlgebraISBN:9780395977224Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. ColePublisher:McDougal Littell
Algebra: Structure And Method, Book 1
Algebra
ISBN:9780395977224
Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:McDougal Littell
Use of ALGEBRA in REAL LIFE; Author: Fast and Easy Maths !;https://www.youtube.com/watch?v=9_PbWFpvkDc;License: Standard YouTube License, CC-BY
Compound Interest Formula Explained, Investment, Monthly & Continuously, Word Problems, Algebra; Author: The Organic Chemistry Tutor;https://www.youtube.com/watch?v=P182Abv3fOk;License: Standard YouTube License, CC-BY
Applications of Algebra (Digit, Age, Work, Clock, Mixture and Rate Problems); Author: EngineerProf PH;https://www.youtube.com/watch?v=Y8aJ_wYCS2g;License: Standard YouTube License, CC-BY