Question 1

Omar wrote a check for $146.89 but recorded it in his checkbook as $156.89. His checkbook balance showed $574.34 What should it show?

Accepted Answer

$584.34; Because the check was written for $10 more than it was Omar has $10 more in his account than he thought.

Question 2

Marcia has a checkbook balance of $824.67. She has not recorded these ATM withdrawals: $20, $100, $60, and $40. She was also charged a total of $6.50 in ATM fees. What should her checkbook balance be?

Accepted Answer

A)  $604.67 
B)  $598.17 
C)  $591.67 
D)  $498.17 
A)  $604.67 
B)  $598.17 
C)  $591.67 
D)  $498.17 B

Question 3

Kevin uses Excel to make his deposit slips. His deposit slip shows currency in Cell F3, 3 checks in Cells F5 through F7, and cash he wants to get back in Cell F11. What formula should Kevin use in the net deposit Cell F12?

Accepted Answer

=F3+F5+F6+F7-F11

Question 4

Sarah received her bank statement from Union Bank that showed a balance of $1,204.56. Checks outstanding were in the amounts of: $15, $8.50, $38.19, and $52.75. A $217 deposit was not recorded by the bank. The bank charged her $18 for new checks and a $12 service fee. Her checkbook showed a balance of $1,337.12. She filled out the reconciliation form below. What is filled out incorrectly on the form?

Accepted Answer

When reconciling her

Question 5

The PIN number for a debit card is recorded on the debit card in order to access ATMs or to use the debit card for purchases.

Accepted Answer

A) True 
 B)False

Question 6

Janice Thomas wrote a check for $213.75 but recorded the check in her checkbook register as $203.75. Will her running balance show more or less money and by how much?

Accepted Answer

The answer of Janice Thomas wrote a check for $213.75...

Question 7

Matthew wrote check number 117 on June 12, 20-- in the amount of $255 to The College BookStore for books. His previous balance was $926.00. Fill out the check stub below.

Accepted Answer

The answer of Matthew wrote check number 117 on June...

Question 8

A ________________ is a report from the bank that shows all the paid checks, deposits, charges, and the balance on a checking account.

Accepted Answer

The answer of A ________________ is a report from the...

Question 9

Henry Jacobs wrote a check for $123.78 but recorded the check in his checkbook register as $103.78. Will his running balance show more or less money and by how much?

Accepted Answer

The answer of Henry Jacobs wrote a check for $123.78...

Question 10

Kelly's checkbook shows a balance of $417.32. Her bank statement included ATM fees of $2.00, $1.50, and $3.00. Kelly had also forgotten to record two ATM withdrawals, one for $40 and another for $20. What should her new checkbook balance be?

Accepted Answer

$350.73; 
 $417.32 -

Question 11

Alvin is using a reconciliation form to balance his checkbook. To find the adjusted bank statement balance, what will he not need to do?

Accepted Answer

A)  subtract unrecorded ATM withdrawals 
B)  subtracted unrecorded debits 
C)  add unrecorded credits 
D)  add unrecorded interest 
A)  subtract unrecorded ATM withdrawals 
B)  subtracted unrecorded debits 
C)  add unrecorded credits 
D)  add unrecorded interest

Question 12

What information is not found on a check?

Accepted Answer

A)  Drawer's account number 
B)  Drawer's social security number 
C)  Payee 
D)  ABA transit number 
A)  Drawer's account number 
B)  Drawer's social security number 
C)  Payee 
D)  ABA transit number

Question 13

What amount is missing from the check register?

Accepted Answer

A)  $319.65 
B)  $519.65 
C)  $690.80 
D)  $1,330.10 
A)  $319.65 
B)  $519.65 
C)  $690.80 
D)  $1,330.10

Question 14

What is incorrect about the check stub below?

Accepted Answer

The balance forward

Question 15

It is important to keep an accurate record of a checking account balance to prevent overdrafts and bank fees.

Accepted Answer

A) True 
 B)False

Question 16

Manuel has a $717.89 checkbook balance. His bank statement shows a $509.56 balance and an $8 service charge. His outstanding checks total $112.23. The deposit from his paycheck for $345 is also outstanding. What is his adjusted checkbook balance? Does it reconcile with the adjusted bank statement balance?

Accepted Answer

$709.89; no; 
 His adjusted checkbook ba

Question 17

Mary Rutledge has a checkbook balance of $1,527.09. Her bank statement shows an unexpected direct deposit of $623.18 and ATM fees that total $5.50. There are no outstanding checks or deposits. What should her adjusted checkbook balance be?

Accepted Answer

A)  $2,150.27 
B)  $2,144.77 
C)  $903.91 
D)  $$898.41 
A)  $2,150.27 
B)  $2,144.77 
C)  $903.91 
D)  $$898.41

Question 18

Mrs. Kaitra wrote a check for $89.50 but recorded it in her checkbook as $80.50. Her checkbook balance showed $1,572.35. What should it show?

Accepted Answer

A)  $1,583.35 
B)  $1,581.35 
C)  $1,571.35 
D)  $1,563.35 
A)  $1,583.35 
B)  $1,581.35 
C)  $1,571.35 
D)  $1,563.35

Question 19

Annie Hamilton's bank statement showed a balance of $1,489.13. There are $365.75 in outstanding checks. There is one outstanding deposit of $385.00. The bank charged $5.50 in ATM fees. What should her checkbook balance be?

Accepted Answer

A)  $1,893.38 
B)  $1,508.38 
C)  $1,502.88 
D)  $1,469.88 
A)  $1,893.38 
B)  $1,508.38 
C)  $1,502.88 
D)  $1,469.88

Question 20

What is the limit of FDIC insurance for deposits in case of bank failure?

Accepted Answer

The answer of What is the limit of FDIC insurance...

Omar wrote a check for $146.89 but recorded it in his checkbook as $156.89. His checkbook balance showed $574.34 What should it show?

Marcia has a checkbook balance of $824.67. She has not recorded these ATM withdrawals: $20, $100, $60, and $40. She was also charged a total of $6.50 in ATM fees. What should her checkbook balance be?

Kevin uses Excel to make his deposit slips. His deposit slip shows currency in Cell F3, 3 checks in Cells F5 through F7, and cash he wants to get back in Cell F11. What formula should Kevin use in the net deposit Cell F12?

The PIN number for a debit card is recorded on the debit card in order to access ATMs or to use the debit card for purchases.

Janice Thomas wrote a check for $213.75 but recorded the check in her checkbook register as $203.75. Will her running balance show more or less money and by how much?

Matthew wrote check number 117 on June 12, 20-- in the amount of $255 to The College BookStore for books. His previous balance was $926.00. Fill out the check stub below.

A ________________ is a report from the bank that shows all the paid checks, deposits, charges, and the balance on a checking account.

Henry Jacobs wrote a check for $123.78 but recorded the check in his checkbook register as $103.78. Will his running balance show more or less money and by how much?

Kelly's checkbook shows a balance of $417.32. Her bank statement included ATM fees of $2.00, $1.50, and $3.00. Kelly had also forgotten to record two ATM withdrawals, one for $40 and another for $20. What should her new checkbook balance be?

Alvin is using a reconciliation form to balance his checkbook. To find the adjusted bank statement balance, what will he not need to do?

What information is not found on a check?

What amount is missing from the check register?

What is incorrect about the check stub below?

It is important to keep an accurate record of a checking account balance to prevent overdrafts and bank fees.

Mary Rutledge has a checkbook balance of $1,527.09. Her bank statement shows an unexpected direct deposit of $623.18 and ATM fees that total $5.50. There are no outstanding checks or deposits. What should her adjusted checkbook balance be?

Mrs. Kaitra wrote a check for $89.50 but recorded it in her checkbook as $80.50. Her checkbook balance showed $1,572.35. What should it show?

Annie Hamilton's bank statement showed a balance of $1,489.13. There are $365.75 in outstanding checks. There is one outstanding deposit of $385.00. The bank charged $5.50 in ATM fees. What should her checkbook balance be?

What is the limit of FDIC insurance for deposits in case of bank failure?

Basic Math Functions

Fractions

Percents

Payroll

Taxes

Insurance

Invoices and Discounts

Markup and Markdown

Interest

Consumer Credit and Mortgages

Annuities, Stocks, and Bonds

Depreciation

Financial Statements

Business Statistics

Filters

Exam 4: Bank Services

Omar wrote a check for $146.89 but recorded it in his checkbook as $156.89. His checkbook balance showed $574.34 What should it show?

Marcia has a checkbook balance of $824.67. She has not recorded these ATM withdrawals: $20, $100, $60, and $40. She was also charged a total of $6.50 in ATM fees. What should her checkbook balance be?

Kevin uses Excel to make his deposit slips. His deposit slip shows currency in Cell F3, 3 checks in Cells F5 through F7, and cash he wants to get back in Cell F11. What formula should Kevin use in the net deposit Cell F12?

The PIN number for a debit card is recorded on the debit card in order to access ATMs or to use the debit card for purchases.

Janice Thomas wrote a check for $213.75 but recorded the check in her checkbook register as $203.75. Will her running balance show more or less money and by how much?

Matthew wrote check number 117 on June 12, 20-- in the amount of $255 to The College BookStore for books. His previous balance was $926.00. Fill out the check stub below.

A ________________ is a report from the bank that shows all the paid checks, deposits, charges, and the balance on a checking account.

Henry Jacobs wrote a check for $123.78 but recorded the check in his checkbook register as $103.78. Will his running balance show more or less money and by how much?

Kelly's checkbook shows a balance of $417.32. Her bank statement included ATM fees of $2.00, $1.50, and $3.00. Kelly had also forgotten to record two ATM withdrawals, one for $40 and another for $20. What should her new checkbook balance be?

Alvin is using a reconciliation form to balance his checkbook. To find the adjusted bank statement balance, what will he not need to do?

What information is not found on a check?

What amount is missing from the check register?

What is incorrect about the check stub below?

It is important to keep an accurate record of a checking account balance to prevent overdrafts and bank fees.

Mary Rutledge has a checkbook balance of $1,527.09. Her bank statement shows an unexpected direct deposit of $623.18 and ATM fees that total $5.50. There are no outstanding checks or deposits. What should her adjusted checkbook balance be?

Mrs. Kaitra wrote a check for $89.50 but recorded it in her checkbook as $80.50. Her checkbook balance showed $1,572.35. What should it show?

Annie Hamilton's bank statement showed a balance of $1,489.13. There are $365.75 in outstanding checks. There is one outstanding deposit of $385.00. The bank charged $5.50 in ATM fees. What should her checkbook balance be?

What is the limit of FDIC insurance for deposits in case of bank failure?

Basic Math Functions

Fractions

Percents

Payroll

Taxes

Insurance

Invoices and Discounts

Markup and Markdown

Interest

Consumer Credit and Mortgages

Annuities, Stocks, and Bonds

Depreciation

Financial Statements

Business Statistics

Filters