Hi! I need help with these 4 accounting questionsplease!!
1. Al Moore opened a no-frills checking account at theEast Cambridge Savings Bank. The service charge for the checkingaccount is $2.00 per month plus .25 cents per check. Assuming Alwrites 10 checks per month, what will this checking account costfor the year?
2. On December 31, Brown Company’s checkbook showed an$8,195.32 balance. Brown’s bank statement showed a balance of$8,390.50. Check #456 for $395.10 and check #575 for $115.46 wereoutstanding. A $310.30 deposit was in transit. The bank charged a$20.00 service charge. The statement showed a $14.92 earnedinterest income. Complete Brown’s bank reconciliation.
3. The checkbook of Royal Co. showed a balance of $14,182.15. Thebank statement showed a balance of $9,815.55. Checks outstandingtotaled $2,474.80. Deposits in transit totaled $6,588.10. The bankshowed a NSF notice for $352.80 with interest earnings of $99.50.What is the reconciled balance?
4. Paula’s checkbook balance on April 30 was $1,498.00 and her bankstatement balance for the same period was $1,207.88. She discoveredfrom her cancelled checks that a check for $30.00 had been recordedin her check register for $20.00. The bank deducted a servicecharge of $15.55 from her account. A deposit mailed on April 29 for$310.99 did not appear on the statement. Paula noticed that 2checks #s 101 and 181 for $16.88 and $29.54 were outstanding. Whatis the adjusted reconciled balance?
“Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!”
What Students Are Saying About Us
.......... Customer ID: 12*** | Rating: ⭐⭐⭐⭐⭐"Honestly, I was afraid to send my paper to you, but splendidwritings.com proved they are a trustworthy service. My essay was done in less than a day, and I received a brilliant piece. I didn’t even believe it was my essay at first 🙂 Great job, thank you!"
.......... Customer ID: 14***| Rating: ⭐⭐⭐⭐⭐
"The company has some nice prices and good content. I ordered a term paper here and got a very good one. I'll keep ordering from this website."
