Kama Deposits Paper

Complete the following 2 exercises 1. Prepare a bank deposit detail for a $2230.00 deposit. Use the information in questions A-D. Record your answers to the deposit slip provided.

NOTE: The bank deposit slip is setup for you to manually type the necessary information to successfully complete the assignment.
A. Cash receipts total $646.68; $2.68 was in coins.
B. Check payments were # 2387 for $67.00 from Sue Patrick and # 460 for $50.00 from Ronald Rodriguez.
C. Credit card payments were $25.00 and $67.00. Pam Adkins paid the $25.00 payment, and Brad Wilson paid the $67.00 payment. BANK DEPOSIT DETAIL PAYMENT | BANK NUMBER | BY CHECK OR PMO | BY COIN OR CURRENCY | CREDIT CARD | Check #2387 | 67 | 00 | | | | | Check #460 | 50 | 00 | | | | | P. Adkins | | | | | 25 | 00 | B. Wilson | | | | | 67 | 00 | | | | 2 | 68 | | | | | | 644 | 00 | | | | | | | | | | TOTALS | 117 | 00 | 646 | 68 | 92 | 00 | CURRENCY | 644.00 | COIN | 2.68 | CHECKS | 117.00 | CREDIT CARDS | 92.00 | TOTAL RECEIPTS | 2230.00 | LESS CREDIT CARD $ | 92.00 | TOTAL DEPOSITS | 2138.00 | DEPOSIT DATE: 01/04/2013 FIRM:____________________ |

BANK NUMBER | BY CHECK OR PMO | BY COIN OR CURRENCY | CREDIT CARD | Check #2387 | 67 | 00 | | | | | Check #460 | 50 | 00 | | | | | P. Adkins | | | | | 25 | 00 | B. Wilson | | | | | 67 | 00 | | | | 2 | 68 | | | | | | 644 | 00 | | | | | | | | | | TOTALS | 117 | 00 | 646 | 68 | 92 | 00 | CURRENCY | 644.00 | COIN | 2.68 | CHECKS | 117.00 | CREDIT CARDS | 92.00 | TOTAL RECEIPTS | 2230.00 | LESS CREDIT CARD $ | 92.00 | TOTAL DEPOSITS | 2138.00 | DEPOSIT DATE: 01/04/2013 FIRM:____________________ |

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D. An insurance payment for Alejandro Sanchez arrived in the amount of $1374.32. The payment was from Aetna and was check # 309.

2. Reconcile the bank statement using the facts below. Use the information in questions A-D. Record your answers to the worksheet provided.

NOTE: The worksheet is setup for you to manually type the necessary information to successfully complete the assignment.

A. The checkbook balance is $4619.89.
B. The statement balance is $ 6792.79 (this amount includes the deposit of $2230.00 – do not add the amount in again).
C. Three checks are outstanding: Check # 5648 for $356.00, check # 5649 for $46.90; and check # 5650 for $ 1770.00.
D. Does the checkbook reconcile with the statement?
Ans.__Yes it does reconcile___ _
THIS WORKSHEET IS PROVIDED TO HELP YOU BALANCE YOUR ACCOUNT
THIS WORKSHEET IS PROVIDED TO HELP YOU BALANCE YOUR ACCOUNT

ENTER The NEW BALANCE shown on this statement _4562.79__________$ | | ADDAny deposits listed in your register or transfer Into your account which are not shown on this Statement. CALCULATE THE SUBTOTAL_6792.79_______ $ | SUBTRACTThe total outstanding checks and withdrawals from the chart at left______$ 2172.90 | CALCULATE THE ENDING BALANCEThis amount should be the same as the current balance shown in your check register ______$ 4619.89 |

ENTER The NEW BALANCE shown on this statement _4562.79__________$ | | ADDAny deposits listed in your register or transfer Into your account which are not shown on this Statement. CALCULATE THE SUBTOTAL_6792.79_______ $ | SUBTRACTThe total outstanding checks and withdrawals from the chart at left______$ 2172.90 | CALCULATE THE ENDING BALANCEThis amount should be the same as the current balance shown in your check register ______$ 4619.89 |

ITEMS OUTSTANDING | NUMBER | AMOUNT | 3648 | 356 | 00 | 5649 | 46 | 90 | 5650 | 1770 | 00 | | | | | | | | | | | | | | | | | | | | | | TOTAL | $2172 | 90 |

ITEMS OUTSTANDING | NUMBER | AMOUNT | 3648 | 356 | 00 | 5649 | 46 | 90 | 5650 | 1770 | 00 | | | | | | | | | | | | | | | | | | | | | | TOTAL | $2172 | 90 |

$2230.00 | $ | $ | +$______ |

$2230.00 | $ | $ | +$______ |