50.1K

Verified Solution

Link Copied!

Look at the check account for Andrew Parker (Page 176) in your textbook then review on (page 175) his monthly statement from his bank and answer the following questions: What is the total of the outstanding checks? What is the total of the outstanding deposits? Why is there a difference between the uncorrected balance in the check register (Andrews) and the balance on the statement? What is the updated and correct balance?

11/2/18- 12/01/18 Balance $412.66 395.20 361.87 1,238.86 1,154.30 Account Andrew Period of Name Parker Activity Account # 123-45678 Summary of Your Activity This Month Date Activity Amount 11/02 11/04 Debit Card POS $17.46 Transaction 11/09 Check #237 33.33 11/12 Direct Deposit 876.99 11/13 Debit Card POS 84.56 Transaction 11/13 EFT 22.00 11/15 Check#238 645.00 11/23 Debit Card POS 68.87 Transaction 11/27 Debit Card POS 43.00 Transaction 11/28 Deposit 200.00 11/30 Check#239 125.00 11/30 Service Charge 4.50 11/30 ATM Withdrawal 100.00 12/01 Check #240 46.00 1,132.30 487.30 418.43 375.43 575.43 450.43 445.93 345.93 299.93 Date Check # Payeel For Amount Balance Payor 11/01 412.66 11/03 Debit Card CVS Cold Meds $17.46 395.20 11/05 237 Univ. Book- Of Mice 33.33 361.87 store and Men 11/12 Deposit PNC Bank Payday- 876.99 1,238.86 Yeah! 11/12 238 ABC Rent 645.00 593.86 Property Mgmt. 11/13 Debit Card Kroger's Groceries 84.56 509.30 11/13 Electronic Maysville Water Bill 22.00 487.30 Payment Water 11/23 Debit Card Kroger's Groceries 67.88 419.42 11/23 Debit Card Applebee's Dinner with 43.00 376.42 Karen 11/27 Deposit Mom For Utilities 200.00 576.42 11/27 239 Duke Electric 125.00 451.42 Power Heat Bill 11/27 240 Conoco Gas 46.00 405.42 11/30 Debit Card ATM With- Carry 100.00 305.42 drawal Around Money 12/01 241 Comcast Cable Bill 53.88 252.54 11/2/18- 12/01/18 Balance $412.66 395.20 361.87 1,238.86 1,154.30 Account Andrew Period of Name Parker Activity Account # 123-45678 Summary of Your Activity This Month Date Activity Amount 11/02 11/04 Debit Card POS $17.46 Transaction 11/09 Check #237 33.33 11/12 Direct Deposit 876.99 11/13 Debit Card POS 84.56 Transaction 11/13 EFT 22.00 11/15 Check#238 645.00 11/23 Debit Card POS 68.87 Transaction 11/27 Debit Card POS 43.00 Transaction 11/28 Deposit 200.00 11/30 Check#239 125.00 11/30 Service Charge 4.50 11/30 ATM Withdrawal 100.00 12/01 Check #240 46.00 1,132.30 487.30 418.43 375.43 575.43 450.43 445.93 345.93 299.93 Date Check # Payeel For Amount Balance Payor 11/01 412.66 11/03 Debit Card CVS Cold Meds $17.46 395.20 11/05 237 Univ. Book- Of Mice 33.33 361.87 store and Men 11/12 Deposit PNC Bank Payday- 876.99 1,238.86 Yeah! 11/12 238 ABC Rent 645.00 593.86 Property Mgmt. 11/13 Debit Card Kroger's Groceries 84.56 509.30 11/13 Electronic Maysville Water Bill 22.00 487.30 Payment Water 11/23 Debit Card Kroger's Groceries 67.88 419.42 11/23 Debit Card Applebee's Dinner with 43.00 376.42 Karen 11/27 Deposit Mom For Utilities 200.00 576.42 11/27 239 Duke Electric 125.00 451.42 Power Heat Bill 11/27 240 Conoco Gas 46.00 405.42 11/30 Debit Card ATM With- Carry 100.00 305.42 drawal Around Money 12/01 241 Comcast Cable Bill 53.88 252.54

Answer & Explanation Solved by verified expert

See Answer