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Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
Edition 12ISBN: 978-0132605540Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
Edition 12ISBN: 978-0132605540 Exercise 39
MAINTAINING BANK RECORDS Use the following information to complete the check stub. (See Example.)
Completing a Check Stub
Check number 2724 was made out on June 8 to Lillburn Utilities as payment for water and power. Assume that the check was for $182.15, that the balance brought forward is $4245.36, and that deposits of $337.71 and $193.17 have been made since the last check was written. An electronic payment for $820.36 was made to James Carpenter. Complete the check stub.
Solution
Write an explanation of two types of check endorsements. Describe where these endorsements must be placed.
Completing a Check Stub
Check number 2724 was made out on June 8 to Lillburn Utilities as payment for water and power. Assume that the check was for $182.15, that the balance brought forward is $4245.36, and that deposits of $337.71 and $193.17 have been made since the last check was written. An electronic payment for $820.36 was made to James Carpenter. Complete the check stub.
Solution
Write an explanation of two types of check endorsements. Describe where these endorsements must be placed.
Explanation
Verified
Verified
Restricted Endorsement:
When a check is ...
Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
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