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Mathematics
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Contemporary Business Mathematics for Colleges
Quiz 9: Banking
Path 4
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Question 21
Short Answer
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
Short Answer
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
Short Answer
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
Short Answer
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
Short Answer
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
Short Answer
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
Short Answer
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
Short Answer
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.