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 information: 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

Contemporary Mathematics for Business and Consumers, Third Edition Robert A. Brechner
Copyright 2003 Thomson/South-Western

Level 2 Chapter 4 - Section I - Exercise 8 Properly fill out the deposit slip for Sally Randall, based on the following information: a. Date: December 18, 20xx b. A check for $651.03 c. $150 cash withdrawal Note: Fill in the appropriate values and use Excel for all computations.

SALLY RANDALL
CURRENCY 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 1 Chapter 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 deposits in transit amounted to $813.11. Use the form below to reconcile Skeeter's account.

Checks Outstanding Amount

Total

0.00

CHECKBOOK BALANCE Add: Interest & Other Credits SUB TOTAL Deduct: Service Charges & Other Debits ADJUSTED CHECK BOOK BALANCE 0.00 0.00

STATEMENT BALANCE Add: Deposits in Transit SUB TOTAL Deduct: Outstanding Checks ADJUSTED STATEMENT BALANCE 0.00 0.00 0.00

Contemporary Mathematics for Business and Consumers, Third Edition Robert A. Brechner
Copyright 2003 Thomson/South-Western

Level 2 Chapter 4 - Section II - Exercise 2 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 a note collected by the bank for Bob, in the abount of $200.00. (A note collected is a payment owed to Bob by someone who makes that payment directly to bob's bank account.) 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 Add: Interest & Other Credits SUB TOTAL Deduct: Service Charges & Other Debits ADJUSTED CHECK BOOK BALANCE

STATEMENT BALANCE Add: Deposits in Transit SUB TOTAL Deduct: Outstanding Checks ADJUSTED STATEMENT BALANCE

Contemporary Mathematics for Business and Consumers, Third Edition Robert A. Brechner
Copyright 2003 Thomson/South-Western

Level 3 Chapter 4 - Assessment Test - Exercise 3 As cashier for the Country Kitchen Care, it is your responsibility to make the daily deposits. Complete the deposit slip below based on the following information: a. Date: January 20, 20xx b. Checks totaling $344.20 c. Currency of $547.00 d. 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 CAF

CURRENCY DATE CHECKS COIN

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 3 Chapter 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 service charge 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 the following form to reconcile Jennifer's checking account.

Checks Outstanding Amount

Total

CHECKBOOK BALANCE Add: Interest & Other Credits SUB TOTAL Deduct: Service Charges & Other Debits ADJUSTED CHECK BOOK BALANCE

STATEMENT BALANCE Add: Deposits in Transit SUB TOTAL Deduct: Outstanding Checks ADJUSTED STATEMENT BALANCE