Exam 4: Checking Accounts

Mia received her bank statement on March 6, showing a balance of $1,729.73. The balance shown in her checkbook was $1,427.58. Deposits in transit amounted to $538.52 and there was a service charge of $6.00. Outstanding checks were $155.44, $291.26, and $342.03, and the interest earned was $57.94. Find the reconciled balance.

You wish to make a deposit and have these bills: 22 ones, 8 fives, 11 tens, and 3 twenties. You also have 8 nickels, 12 dimes, and 18 quarters. What will you enter on the CURRENCY LINE of the deposit slip?

A fee charged by the bank when a check is written without sufficient funds in the account to cover the amount of that check is called a(n) ____________________ fee.

You have just received a check. Your account number is # 4891-7665. Write the endorsement and identify what type it is, allowing you to cash the check.

Rick makes several purchases totaling $44.28. How would he write the word form of this amount on a check?

Lorena received her bank statement on March 8, showing a balance of $3,296.14. The balance shown in her checkbook was $2,796.69. Deposits in transit amounted to $348.11 and there was a service charge of $6.00. Outstanding checks were $280.35, $283.66, and $161.93, and the interest earned was $127.62. Find the reconciled balance.

A check that you deposited, but was returned to your bank unpaid because the person of business issuing the check did not have sufficient funds to cover it is called a canceled check. ​

Amaya Lin received a check for her birthday. She decided to sign the check over to her sister Kala Lin so she could cash it. ​ The correct full endorsement on the back of the check should include the words: ​ Pay to the order of ​Kala Lin Amaya Lin (Amaya's Account #)

Raul is writing a check for $305.28. What should he write for the word form of this amount on the check?

Robb makes several purchases totaling $89.98. How would he write the word form of this amount on a check?

A deposit slip is a bound part of a checkbook used to keep track of checks written, deposits added, and the current balance of a checking account.​

You wish to make a deposit and have these bills: 9 ones, 5 fives, 2 tens, and 5 twenties. You also have 2 nickels, 18 dimes, and 15 quarters. What will you enter on the CURRENCY LINE of the deposit slip?

____________________ banking is a faster and convenient alternative to traditional banking.

Alice makes several purchases totaling $68.37. How would she write the word form of this amount on a check?

Adela received her bank statement on March 7, showing a balance of $2,668.02. The balance shown in her checkbook was $2,256.20. Deposits in transit amounted to $646.53 and there was a service charge of $7.00. Outstanding checks were $276.69, $380.00, $35.00, and $282.68, and the interest earned was $90.98. Find the reconciled balance.

____________________ checks are checks that have been written, but have not yet reached the bank.

Lillian has made several transactions in the past few days and wants to know her current balance. Find the amount of the balance forward that would result following these transactions: Starting balance: $2,128.40 June 2; check #542; to JAB Consulting; amount of $263.96 Deposit; June 19; amount of $844.96 June 24; check #543; to Vu Video; amount of $83.44

Jorge is writing a check for $65.39. What should he write for the word form of this amount on the check?

What type of endorsement is illustrated by the following example: Tom Ash 7609-25-26-3

What type of endorsement is illustrated by the following: Pay to the order of Tom Kairys Mario Speckman 2968-73-23-2