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- Mr. Khalid has a current account in a bank with a credit balance of RO 97,000. He has withdrawn cash of RO 1,000 through ATM machine and paid RO 24,400 to his creditor by cheque. After these transactions his current account balance will be: a. RO 71,600 b. RO 51,600 c. RO 71,400 d. RO 21,600Saved Ben Luna received his bank statement with a $30.62 fee for a bounced-check (NSF). He has an $856.80 monthly mortgage payment paid through his bank. There was also a $6.00 teller fee and a check printing fee of $7.25. His ATM card fee was $7.60. There was also a $667.50 deposit in transit. The bank shows a balance of $95.13. The bank paid Ben $2.75 in interest. Ben's checkbook shows a balance of $1,532.80. Check No. 234 for $101.15 and check No. 235 for $34.20 were outstanding. Prepare Ben's bank reconciliation. (Input all amounts as positive values. Round your answers to 2 decimakplaces.) BANK RECONCILIATION Ben's checkbook balance Bank balance Add: Add: Subtotal Subtotal Deduct: Deduct: Subtotal Reconciled balance Reconciled balancePROBLEM RECOGNITION TASK Determine the maximum deposit insurance coverage by PDIC in the following items. 3. Jessa Manucdoc has the following deposit accounts in a closed bank: Jessa Manucdoc’s modeling business (sole proprietorship) P300,000 Jessa Manucdoc P400,000 Jessa Manucdoc and Elmira Gersaniva P900,000 Jessa Manucdoc and Francia Cabezudo P500,000 What is the maximum deposit insurance coverage as far as Jessa is concerned?
- Cy Walker invests $20,000 of his personal savings into Mookie the Beagle Concierge. MTB Concierge needs to record the deposit using QBO. Required: 1. Record the Deposit. a. Select (+) New icon > Bank Deposit b. Select Account: 1001 Checking c. Select Payment Date: 01/01/2023 d. In the Add Funds to This Deposit section, select Account: 3003 Owner's Investment e. Select Payment Method: Check f. Enter Reference Number: 5001 g. Enter Amount: 20000.00 h. What type of account is Owner's Investment? i. Select Save and close h. Type of accountPROBLEM RECOGNITION TASK Determine the maximum deposit insurance coverage by PDIC in the following items. 2. Janard Lindio has the following deposit accounts in a closed bank: Janard Lindio and Clifford Agustin P600,000 Janard Lindio and Anthony Agarin P800,000 Janard Lindio and Patrick Reyes P900,000 What is the maximum deposit insurance coverage as far as Janard is concerned?PROBLEM RECOGNITION TASK Determine the maximum deposit insurance coverage by PDIC in the following items. 4. Cristian Punzalan has the following deposit accounts in a closed bank: Cristian Punzalan’s business (sole proprietorship) P300,000 Cristian Punzalan P100,000 Cristian Punzalan and Christian Nilo P300,000 Cristian Punzalan and Nestor Tulang and Jerone Gatdula and Emman Rivera P600,000 What is the maximum deposit insurance coverage as far as Cristian is concerned?
- 1. Kind received from Crazy Good (one of her clients) a check for JD 900 drawn on Honest Bank, Aqaba Branch. Kind deposited the check in her current account at Busy Bank, Madaba Branch. Busy Bank, Madaba Branch will record, Dr. Central Bank; Cr. Kind current а. асcount Dr. Busy Bank, Main Branch; Cr. Kind current account b. С. Dr. Honest Bank, Main Branch; Cr. Kind current account d. Dr. Busy Bank, Madaba Branch; Cr. Kind current account 1. Quick Trade Company drew JD 500 cash from its current account at Good Bank, Main Branch. Good Bank, Main Branch will record, Dr. Quick Trade current account; Cr. cash b. а. Dr. cash; Cr. Quick Trade current account Dr. Quick Trade overdraft account.; Cr. С. Quick Trade current account d. None of the aboveFill out the bank deposit slip given the following details:A P5,000 check received is written on the deposit slip.1. Date of Deposit - August 20, 20X52. Type of Deposit - Checking3. Currency - Peso4. Account Name - ABC Company5. Account Number - 003976. Drawee Bank - BPI7. Check Number - 012768. Amount - P50009. Total Deposit - P5000Using the T-accounts of the First National Bank and theSecond National Bank given in this chapter, describewhat happens when Jane Brown writes a check for $90on her account at the First National Bank to pay herfriend Joe Green, who in turn deposits the check in hisaccount at the Second National Bank
- 7. Mac Valent deposited. his paycheck for $209.81. The check register be]ow shows his transactions since opening his account. What is his balance after each transaction? Description of Transaction Payment/ Debit ✔ Deposit/Credit (+) (-) Balance Brought Forward Trans Type Date or Check # 101 102 103 8/12 Electric Co-op 8/18 Sharp's Grocery 8/20 Gimble's Auto Rep. 47 53 107 15 03 30 Balance 209 81A. Fill out the bank deposit slip given the following details: A P5,000 check received is written on the deposit slip. 1. Date of Deposit - August 20, 20X5 2. Type of Deposit - Checking 3. Currency - Peso 4. Account Name - ABC Company 5. Account Number - 00397 6. Drawee Bank - BPI 7. Check Number - 01276 8. Amount - P5000 9. Total Deposit - P5000. Alec Tomita's savings account statement is shown below What is his new balance? Previous Balance S568.23 Interest Deposits Withdrawals $2.37 $562.32 S874.36 14. Rosa Izquierdo has checks for $50.00 and $35.00. She also has 2 twenty-dollar bills. She would like to receive $25.00 in cash and deposit the rest in her saving account. What is the total deposiť?? 15. Angel Garcia deposited his $750 federal income tax refund check into his savings account. The account pays 5% and he made no other deposits or withdrawals. How much is in the account after 3 months? 16. George Faust deposited $3,000 in a savings account that earns 4% compounded quarterly. He made nc other deposits or withdrawals. What is the amount in the account at the end of the second quarter?