Question 1

The deposit is $3,290. The checkbook balance is $16,561, but the mortgage payment on the physician's building is paid the same day, which is $3,500. What is the checkbook balance?

Accepted Answer

The answer of The deposit is $3,290. The checkbook balance...

Question 2

Checks received in the mail today include those for $87, $45, $88, and $100. What is the total check deposit for the day?

Accepted Answer

The answer of Checks received in the mail today include...

Question 3

Checks received in the mail today include those for $23.03, $87, and $830. Checks taken in the office from patients include those for $25, $55, $30, and $255. What is the total in checks that will be included in the day's deposit?

Accepted Answer

The answer of Checks received in the mail today include...

Question 4

The physician uses the debit card for $782.19 to pay for medical supplies, $56 for office supplies, and $76 to stock the employee break room refrigerator. If the balance in the checkbook is $32,830.43, what is the balance after the debit card activity?

Accepted Answer

The answer of The physician uses the debit card for...

Question 5

The bank charges a fee of $25 for each of six NSF checks that were returned during the month. If the bank statement balance after outstanding checks are deducted is $12,543.24, what will the balance be after the fees are deducted?

Accepted Answer

The answer of The bank charges a fee of $25...

Question 6

A patient writes a check for $560 that is returned by the bank. The physician redeposits the check, which clears, and the physician does not want to charge this patient an NSF fee. How much should be added to the patient's account in this transaction?

Accepted Answer

The answer of A patient writes a check for $560...

Question 7

Today's checks include $56, $73, $89, $23, $20, and $82. What is the total in checks for the daily deposit?

Accepted Answer

The answer of Today's checks include $56, $73, $89, $23,...

Question 8

The deposits in cash today are $657 and the checks total $8,343. What is the total deposit?

Accepted Answer

The answer of The deposits in cash today are $657...

Question 9

A patient writes a check in the amount of $56 toward her account of $569. What is her balance after the payment?

Accepted Answer

The answer of A patient writes a check in the...

Question 10

During the monthly reconciliation of the checkbook, the bank statement balance is $16,589.24. The checkbook balance is $16,569.24. The medical assistant should look for an error in what amount?

Accepted Answer

The answer of During the monthly reconciliation of the checkbook,...

Question 11

Debit card transactions to be added to the deposit include those for $45, $561, and $887. What is the total of these debits?

Accepted Answer

The answer of Debit card transactions to be added to...

Question 12

The petty cash till has 52 quarters, 43 dimes, 19 nickels, and 24 pennies. What is the total amount of change in the till?

Accepted Answer

The answer of The petty cash till has 52 quarters,...

Question 13

If the bank charges a fee of $12 each time the average balance drops below $5,000, and this has happened seven times during the year, what is the total in these fees that the physician will pay?

Accepted Answer

The answer of If the bank charges a fee of...

Question 14

The physician uses a debit card to pay for purchases totaling $46, $50.02, $802.98, and $73. What is the checkbook balance after the debit card purchases if the account balance is $17,394.83 before the transactions?

Accepted Answer

The answer of The physician uses a debit card to...

Question 15

The checks received today include $56, $78, $57, $43, and $5,633.12. What is the total amount in checks that will be added to the deposit?

Accepted Answer

The answer of The checks received today include $56, $78,...

Question 16

The currency taken in during the day includes 9 $20s, 2 $50s, 4 $100s, 6 $10s, and 17 $5s. What is the total currency?

Accepted Answer

The answer of The currency taken in during the day...

Question 17

The deposit is $450. The checkbook balance is $9,872.54. If one debit card transaction is completed on the account for $251.55, what is the balance in the account?

Accepted Answer

The answer of The deposit is $450. The checkbook balance...

Question 18

The deposit is $5,192. The checkbook balance is $10,432. What is the balance after the deposit is made?

Accepted Answer

The answer of The deposit is $5,192. The checkbook balance...

Question 19

The physician charges $450 for a procedure, and the patient pays one third of the total by check. For what amount is the check written?

Accepted Answer

The answer of The physician charges $450 for a procedure,...

Question 20

The physician charges $2,400 for a surgical procedure. The patient pays half of the total amount as a deposit and agrees to make payments of $200 each month until the balance is clear. After three payments, what is the patient's balance?

Accepted Answer

The answer of The physician charges $2,400 for a surgical...

Quiz 17: Banking Services and Procedures