Only question two please Competency Practice 1. Prepare a Check. Using Procedure 29-1...

80.2K

Verified Solution

Question

Accounting

Only question two pleaseimage

image

Competency Practice 1. Prepare a Check. Using Procedure 29-1 as a guideline, practice writing checks. Use the following ims mation to write a check to Physician's Supply, Inc. for $125.50, using the sample check provicled in Work Product 29-1. Use the current date and sign the checks with the physician's name provided, with your name below the line. Complete the stub end, subtracting each subsequent check with the initial total starting balance of $8,480.64. Work product forms are provided at the end of the chapter. 2. Prepare a Deposit Slip. Using Procedure 29-2 as a guideline, practice preparing a deposit slip. Use the following list of cash and check payments to prepate a bank cleposit slip, provided in Work Product 29-2. Use today's date as the deposit date. Work product forms are provided at the end of the chapter: \begin{tabular}{|c|c|} \hline Currency/coin & \begin{tabular}{l} 1$50.00 bill; 6$20.00 bills; 15$10.00 bills; 17$5.00 bills; 14$1.00 bills; \\ 4 - quarters \end{tabular} \\ \hline Checks & \begin{tabular}{l} Smith, check #1458:$40.00 \\ Manolo, check #501:$425.00 \\ Vronski, check #998:$220.00 \\ Leu, check #4010:$25.00 \\ Wallace, check #1155:$150.00 \end{tabular} \\ \hline Money orders & Jones: $15.00 \\ \hline \end{tabular} Extra Credit

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students