Citibank charges $17 for 150 checks. In Sunday's, Boston Globe, you can order 200 checks for $5.50 as a first time customer. Shipping cost is $1.95. What is the total savings by getting your checks from the advertisement in The Sunday Boston Globe?
Ranch Company received a bank statement showing a bank balance of $9,732. Ranch's bookkeeper noticed that the bank collected a $2,400 note. A $500 June 1 deposit was in transit. Outstanding checks for the month were $492. The bank charged a $15 service charge. Ranch forgot to record a $45 withdrawal from the ATM. Could you help Ranch's bookkeeper prepare a reconciliation assuming Ranch has a $7,400 checkbook balance?
Alice Kool has a checking account with Citizens Bank. Her current balance June 1 was $1,017.20. For the month of June, the following information was recorded in her check register. What is her ending checkbook balance on June 30?
June 8
Check No. 611
Amazon.com
$81.96
15
Check No. 612
Dell Computer
33.10
19
Deposit
800.40
20
Check No. 613
Sprint
110.22
24
Check No. 614
Krispy Kreme
217.55
29
Deposit
198.10
Anna Carmen, who banks in New Jersey, wants to balance her checkbook, which shows a balance of $1,018.25. The bank shows a balance of $210.20. The following checks have not cleared the bank: No. 85, $20.50; No. 87, $145.50; and No. 88, $215.10. Anna has a $20.00 service fee and a $24.00 NSF fee. The bank pays her $110.15 electric bill through automatic withdrawal. She also made a stop payment order with a fee of $20. A $1,015.00 deposit does not appear on the bank statement. Prepare Anna's bank reconciliation.
Consumers who used ATM's operated by banks paid an average of $2.86 per transaction. New Jersey banks were under the national average at $2.50 per transaction. Murray Mitchell banks at the Fleet Bank and received his bank statement on March 15,2006. He had a $12.50 ATM charge. The bank statement showed a balance of $205.15. Murray's checkbook showed a balance of $1,612.20. Murray belongs to the YMCA and has his monthly membership fee of $28.00 paid through his bank. The bank also pays his monthly New York Life Insurance policy of $14.80. The following checks did not clear the bank: No. 512, $220.15; No. 514, $21.15; and No. 515, $123.60. On the 16th of March he made a $1,720.15 deposit that does not appear on his bank statement. Murray earned $3.50 in interest. Prepare Murray Mitchell's bank reconciliation.
Margaret Luna received her January 5, 2005 bank statement which shows a $782.19 balance. Her checkbook shows $748.20 balance. The following transactions occurred: $2.50 check processing fee (25 checks at $.10), $159.36 automatic withdrawal to Nicor, $4.00 teller fee, NSF fee of $27.00, $8.50 ATM fee, $20.00 stop order payment order, $6.50 earned interest, $1,350.20 IRS refund check made to the bank, $7.00 service fee, $20.00 stop payment order, and $6.50 for check printing. A $1,430.50 deposit is not shown on the bank statement. The following checks were outstanding: No. 202, $216.12; No. 203, $58.40; No. 205, $29.50; and No. 206, $58.63. Prepare Margaret Luna's bank reconciliation.
The California Bank of America will charge you $5.50 in monthly checking fees unless you have your paycheck deposited directly and and do not use a teller for routine transactions. Kim Lake, who lives in California, received her bank statement with this $5.50 charge. She also had a $20 overdraft fee, a $5 check redeposit fee, and interest of $1.15. Her bank statement's balance was $206.65, but it did not show the $1,502.80 deposit she had made. Kim's checkbook balance shows $749.90. The following checks have not cleared: No. 480, $630.20; No. 483, $228.10; and No. 485, $130.60. Prepare Kim Lake's bank reconciliation.
Roe Company showed a $1,881.54 checkbook balance. The company's bank statement showed a $3,240.00 balance, $21.00 interest earned, and a $14.88 service charge. A $1,279.11 deposit was in transit. Outstanding checks total $1,881.45. In analyzing the bank statement, the bookkeeper noticed the bank collected a $2,100 note. During the month, Roe Company did not deduct a $1,350 check. Prepare a bank reconciliation.
Some banks offer free online banking and bill payment; others charge a flat fee-say-$6 to pay 20 bills. (You still pay regular account fees.) Wally Wirth uses his home computer for banking and is charged $6. His bank statement also showed $3.00 for check printing, $2.80 for processing 28 checks at $.10 each, and $480.00 for collecting a note. Wally had the following outstanding checks: No.480, $212.80; No. 483, $416.12; No. 484, $131.08. Wally's bank statement shows a balance of $1,072.00; his checkbook shows a balance of $43.80. A $200 deposit does not appear on the bank statement. Prepare Wally Wirth's bank reconciliation.
Madeleine Paine received her January 4, 2005 bank statement, which showed a $664.34 balance. Her checkbook showed a $478.64 balance. The following transactions occurred: $2.50 check processing fee (25 checks at $.10), $181.86 automatic withdrawal to People's Gas, $3.00 teller fee, $20.00 overdraft, $7.50 ATM fee, $20.00 stop payment order, $.75 interest, $1,630 IRS refund check made to bank, $3.00 service fee, $20.00 stop payment fee, $5.00 check redeposit fee, and $4.50 for check printing. A $1,616 deposit is not shown on the bank statement. The following checks were outstanding: No. 102, $280.11; No. 103, $56.94; No. 105, $28.16, and No.106, $53.10. Prepare Madeleine Paine's bank reconciliation.
