Deck 9: Banking

Question 1

A Bank of the West deposit slip shows currency of $970.00, three checks listed on the front for $58.92, $37.46, and $4.59, and total checks from the other side of the deposit slip of $687.40. Compute the total shown on the deposit slip.​

Answer 1

$1,758.37

Question 2

A check register shows a balance of $2,100.00 before adding a deposit of $191.11 and writing two checks for $921.34 and $89.77. Compute the new cash balance shown in the check register.​

Answer 2

$1,280.00

Question 3

The check stub in Alan Nelson's checkbook showed a balance of $675.00 before Alan wrote two checks for $464.00 and $101.00, and made a deposit of $100.00. Compute the new cash balance.​

Answer 3

$210.00

Question 4

The check register for Bellam Furniture showed a balance of $3,511.91. Checks were written for $2,593.02 and $72.80. A deposit was made for $6,982.22. Compute the new balance shown in the check register.

Question 5

A check register shows the current cash balance to be $1,260.40. A check was written after this cash balance date for $193.84. Compute the new cash balance shown in the check register.

Question 6

A check register for the J C Mayer's retail store showed a balance of $3,203.11 before two checks for $655.42 and $153.47 were written and before a deposit of $4,504.32 was made. Compute the new cash balance shown in the check register.​

Question 7

The check register for Tennet Company shows a balance of $981.40 before adding a deposit of $22.90 and subtracting checks of $200.00 and $17.38. Compute the new cash balance shown in the check register.​

Question 8

The check register for Promotions, Inc. showed a balance of $5,684.37. The bookkeeper then made a deposit of $6,753.91. The bookkeeper then wrote checks for $1,704.12, $1,600.32, and $2,110.14. Compute the new cash balance shown in the check register.​

Question 9

A check register shows a balance of $3.75 before adding two deposits of $0.91 and $210.35, and writing two checks for $147.98 and $39.46. Compute the new cash balance shown in the check register.​

Question 10

A check register shows a balance of $787.77 before adding a deposit of $110.75 and writing two checks for $117.50 and $605.00. Compute the new cash balance shown in the check register.​

Question 11

A check register shows a balance of $19.20 before adding six deposits of $3.97, $1.84, $5.25, $28.14, $28.15, and $28.16. Compute the new cash balance shown in the check register.​

Question 12

A check register for the Stephen Clark Wholesale Company showed a balance of $2,403.21 before two checks for $935.62 and $123.45 were written and before a deposit of $3,704.28 was made. Compute the new cash balance shown in the check register.

Question 13

The checkbook stubs for Marcia Ayala showed a balance of $303.95 before adding two deposits of $125.17 and $369.18. She then wrote checks for $117.82 and $99.99. Compute the new cash balance shown on the check stub after the check for $99.99 was written.​

Question 14

A deposit slip from Commercial Bank of Oakland shows a total deposit of $1,078.42. The cash received line shows $70.00. Compute the net deposit shown on the deposit slip.

Question 15

A check register shows a balance of $861.64 before writing four checks for $31.11, $157.03, $71.44, and $92.38. Compute the new cash balance shown in the check register.​

Question 16

The check register for Bakers' company showed a balance of $2,312.19. Checks were written for $1,093.05 and $42.50. A deposit was made for $5,362.52. Compute the new balance shown in the check register.​

Question 17

A check register shows a balance of $247.20 before writing three checks for $63.24, $31.54, and $86.50. Compute the new cash balance shown in the check register.

Question 18

A First National Bank depositor made out a deposit slip showing currency of $620.00, coins of $13.25, and two checks for $113.30 and $174.00. Compute the total deposit shown on the deposit slip.​

Question 19

A check register shows a balance of $391.63 before adding a deposit of $12.33 and writing three checks for $3.78, $4.92, and $11.17. Compute the new cash balance shown in the check register.

Question 20

A check register shows a balance of $18.23 before adding deposits of $491.04, $52.65, and $22.33. Compute the new cash balance shown in the check register.​

Question 21

A bank statement shows a balance of $347.72. The check register of the account owner shows an outstanding deposit of $500.00 and outstanding checks of $119.35, $75.00, and $150.00. Compute the adjusted cash balance of the bank statement.​

Question 22

A bank statement shows a balance of $198.37. The check register of the account owner shows outstanding deposits of $12.70, $134.65, and $190.00. Compute the adjusted cash balance of the bank statement.

Question 23

A bank statement shows a balance of $2,970.31. The check register of the account owner shows an outstanding deposit of $1,482.93 and outstanding checks of $2,500.00, $1,000.00, and $500.00. Compute the adjusted cash balance of the bank statement.​

Question 24

A check register shows a balance of $661.10 before writing checks for $13.42, $21.78, $1.08, $0.57, and $444.44. Compute the new cash balance shown in the check register.​

Question 25

A bank statement shows a balance of $4,750.26. The check register of the account owner shows an outstanding deposit of $2,322.43 and outstanding checks of $1,500.00, $1,250.00, and $350.00. Compute the adjusted cash balance of the bank statement.​

Question 26

A check register shows a balance of $146.73. The bank statement shows a service charge of $6.50, a charge of $3.00 for a photocopy of a check as requested by the account owner, and interest of $2.37 credited to the account. Compute the adjusted cash balance of the check register.​

Question 27

A check register shows a balance of $3,740.38. The bank statement shows that the bank paid interest of $12.37 received an electronic deposit for $2,000.00 and charged $19.00 for an NSF returned check. Compute the adjusted cash balance of the check register.

Question 28

A check register shows a balance of $1,180.94. The bank statement shows that interest of $5.61 was credited by the bank, and a charge of $11.50 was made by the bank for printing new checks. Compute the adjusted cash balance of the check register.​

Question 29

A check register shows a balance of $171.11 before adding deposits of $400.00 and $421.87. Three checks for $22.75, $618.90, and $35.00 are then written. Compute the amount of the new cash balance shown in the check register.​

Question 30

A check register shows a balance of $152.34. The bank statement shows that a check for $75.00 deposited by the account owner was drawn against insufficient funds and was returned. A charge for $2.00 was also deducted by the bank because of the return. Compute the adjusted cash balance of the check register.​

Question 31

A check register shows a balance of $247.82. The bank statement shows a service charge of $7.50. The bank statement also shows that the bank paid interest of $1.21. Compute the adjusted cash balance of the check register.

Question 32

A bank statement shows a balance of $401.85. The check register of the account owner shows outstanding deposits of $350.00 and $247.32, as well as an outstanding check of $475.50. Compute the adjusted cash balance of the bank statement.​

Question 33

A check register shows a balance of $346.71. The bank statement shows that two checks of $42.34 and $56.25, deposited by the account owner, were drawn against a closed account and were returned as invalid. A charge for $2.00 for each deposit was also deducted by the bank because of the returns. Compute the adjusted cash balance of the check register.

Question 34

​A check register shows a balance of $398.42 before writing two checks for $73.50 and $225.00. Compute the amount the account owner must deposit before writing a third check for the amount of $110.00.

Question 35

​A check register shows a balance of $170.35. The bank statement shows interest of $1.42 credited to the account and a service charge of $6.50 charged against the account. Compute the adjusted cash balance of the check register.

Question 36

A check register shows a balance of $191.83 before adding deposits of $18.19, $31.00, $65.25, $10.46, and $23.64. Compute the new cash balance shown in the check register.​

Question 37

A bank statement shows a balance of $1,471.84. The check register of the account owner shows outstanding checks of $325.55, $50.30, and $14.46 and an outstanding deposit of $4,320.01. Compute the adjusted cash balance of the bank statement.

Question 38

A check register shows a balance of $845.50 before adding a deposit of $152.73 and writing three checks for $682.67, $146.05, and $99.33. The owner of the checking account needs to write two additional checks for $75.81 and $83.62. Compute the amount the account owner must deposit before writing the additional checks.​

Question 39

A check register shows a balance of $995.57. The bank statement shows a charge of $10 for a photocopy of a check as requested by the account owner, a regular service charge of $6.50, and a special charge of $12.00 for the printing of personalized checks. The bank statement also shows that interest of $1.49 was paid by the bank. Compute the adjusted cash balance of the check register.

Question 40

A check register shows a balance of $260.50. The bank statement shows a service charge of $7.00. The bank statement also shows interest of $1.34 credited to the account. Compute the adjusted cash balance of the check register.​

Question 41

A check register shows a balance of $1,447.36. The bank statement shows a cash balance of $1,572.53. The check register shows an outstanding deposit of $1,000.00 and two outstanding checks of $750.00 and $390.00. The bank statement shows a service charge of $6.75, a charge of $12.00 for printing checks, and an interest deposit of $3.92. Compute the adjusted cash balance of the check register and the bank statement.​

Question 42

A check register shows a balance of $484.95. The bank statement shows a cash balance of $506.27. The check register shows an outstanding check for $27.82. The bank statement shows a service charge of $6.50. Compute the adjusted balance of the check register and the bank statement.​

Question 43

Compute the reconciled balance:
Bank statement balance: $455.40
Checkbook balance: $586.18
Outstanding checks: $2.30 and $35.00
Automatic transfer to savings: $150.00
Automatic charge, safe deposit box: $15.00
Service charge: $9.50
Bank interest credited: $6.42

Question 44

Compute the reconciled balance:
Bank statement balance: $261.47
Checkbook balance: $335.12
Outstanding deposits: $108.50 and $213.17
Outstanding checks: $18.25, $22.50, and $325.00
Service charge: $9.40
Automatic charge for printing checks: $11.00
Automatic transfer to savings: $100.00
Bank interest credited: $2.67

Question 45

Compute the reconciled balance:
Bank statement balance: $137,614.28
Checkbook balance: $________________
Outstanding deposits: $23,618.20 and $31,046.12
Outstanding checks: $17,249.17, $52,076.14, and $997.38

Question 46

Compute the reconciled balance:
Bank statement balance: $375.59
Checkbook balance: $462.17
Outstanding checks: $3.50 and $25.00
Automatic transfer to savings: $100.00
Automatic charge, safe deposit box: $12.00
Service charge: $6.50
Bank interest credited: $3.42

Question 47

A check register shows a balance of $383.75. The bank statement shows a cash balance of $285.82. The check register shows an outstanding deposit of $142.93 and two outstanding checks of $37.41 and $12.65. The bank statement shows a service charge of $7.00 and an interest deposit of $1.94. Compute the adjusted cash balance of the check register and the bank statement.

Question 48

A check register shows a balance of $671.94. The bank statement shows a cash balance of $632.75. The check register shows an outstanding deposit of $183.97 and two outstanding checks of $42.36 and $105.10. The bank statement shows a service charge of $7.00 and an interest deposit of $4.32. Compute the adjusted cash balance of the check register and the bank statement.

Question 49

A bank statement shows a balance of $78,620.14. The check register shows an outstanding deposit of $11,007.21 and outstanding checks of $180.90, $2,384.12, and $17,000.50. Compute the adjusted cash balance of the bank statement.​

Question 50

A check register shows a balance of $370.25. The bank statement shows interest of $2.32 credited to the account and a service charge of $7.50 charged against the account. Compute the adjusted cash balance of the check register.

Question 51

A check stub shows a balance brought forward of $935.65, a deposit of $416.20, and a check written for $116.89. Calculate the balance carried forward.

Question 52

A check register shows a balance of $4,583.42. The bank statement shows a cash balance of $11,020.15. The check register shows two outstanding checks of $1,339.18 and $5,110.00. The bank statement shows a service charge of $12.45. Compute the adjusted cash balance of the check register and the bank statement.​

Question 53

Indicate whether each of the following should be (A) added to the bank statement balance, (B) subtracted from the bank statement balance, (C) added to the checkbook balance, or (D) subtracted from the checkbook when computing the reconciled balance.
​
a.Outstanding checks
b.Bank fee for printing checks
c.Error in the check register: a deposit of $995 was recorded as $955
d.Deposit which did not appear on the bank statement
e.Service fees for ATM withdrawals

Question 54

Compute the reconciled balance:
Bank statement balance: $1,234.00
Checkbook balance: $1,004.90
Outstanding checks: $135.42 and 211.68
Automatic transfer to savings: $100.00
Automatic charge, safe deposit box: $18.00​

Question 55

Indicate whether each of the following should be (A) added to the bank statement balance, (B) subtracted from the bank statement balance, (C) added to the checkbook balance, or (D) subtracted from the checkbook when computing the reconciled balance.
​
a.Deposit in transit to the bank
b.Bank service charge
c.Outstanding checks
d.Interest on the account
e.Error in checkbook: $20 variance due to a check for $55 being recorded as $35

Question 56

Compute the reconciled balance:
Bank statement balance: $642.75
Checkbook balance: $685.23
Outstanding checks: $14.82 and $117.70
Outstanding deposit: $125.00
Automatic transfer to savings: $50.00​

Question 57

Indicate whether each of the following should be (A) added to the bank statement balance, (B) subtracted from the bank statement balance, (C) added to the checkbook balance, or (D) subtracted from the checkbook when computing the reconciled balance.
​
a.Bank error: A deposit of $280 is shown on the statement as $250
b.NSF check returned to the depositor
c.Automatic transfer for safe deposit fee
d.Error in the checkbook: a check written for $45 was recorded as $54
e.ATM withdrawal not recorded in the depositor's records​

Question 58

A check register shows a balance of $3,683.52. The bank statement shows a cash balance of $10,020.18. The check register shows two outstanding checks of $1,348.31 and $5,000.00. The bank statement shows a service charge of $11.65. Compute the adjusted cash balance of the check register and the bank statement.​

Question 59

A check register shows a balance of $347.52. The bank statement shows a cash balance of $356.02. The check register shows an outstanding check for $15.00. The bank statement shows a service charge of $6.50. Compute the adjusted cash balance of the check register and the bank statement.​

Question 60

A check register shows a balance of $1,062.55. The bank statement shows a cash balance of $1,156.35. The check register shows outstanding deposits of $93.72 and $59.84 as well as outstanding checks of $31.71, $58.32, and $168.23. The bank statement shows a service charge of $7.00, a charge of $10.00 for a photocopy of a check, and an interest deposit of $6.10. Compute the adjusted cash balance of the check register and the bank statement.​

Question 61

The check register of Boswell Co. indicated a cash balance of $3,689.50 at the beginning of the month. During the month Boswell Co. made two deposits of $1,450.34 and $950.30. During the same month Boswell Co. wrote checks for $140.50, $1,469.29, $51.90, and $789.12. What balance should the register show for cash at the end of the month?​

Question 62

The check register of Clover Co. indicated a cash balance of $1,580.12 January 1. During the month Clover Co. made deposits of $980.75 and $2,120.85. During the same month Clover Co. wrote checks for $140.50, $1,469.29, $690.17, $51.90, and $789.12. What balance should the register show for cash January 31?​

Question 63

Calculate the reconciled cash balance:​

Question 64

Calculate the reconciled cash balance:

Question 65

​A check stub shows a balance brought forward of $1,620.34, a deposit of $825.45, and a check amount of $369.22. Calculate the balance carried forward.

Question 66

A check stub shows a balance brought forward of $835.90, a deposit of $300.00, and a check amount of $285.62. Calculate the balance carried forward.​