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?
A) 2,150.27
B) 2,144.77
C) 903.91
D) 898.41
Q. 2What information is not found on a check?
A) Drawer's account number
B) Drawer's social security number
C) Payee
D) ABA transit number
Q. 3Alvin is using a reconciliation form to balance his checkbook. To find the adjusted bank statement balance, what will he not need to do?
A) subtract unrecorded ATM withdrawals
B) subtracted unrecorded debits
C) add unrecorded credits
D) add unrecorded interest
Q. 4Doryan is reconciling his checkbook balance with his current bank statement. As he computes his adjusted bank statement balance, what should he include?
A) outstanding checks
B) unrecorded credits
C) unrecorded debits
D) balance shown in register
Q. 5Clarence received his bank statement showing a balance of 671.35. The outstanding checks totaled 172.68, and there was an outstanding deposit of 115. His checkbook balance is 621.92. What type of correction does Clarence need to make to his running balance?
A) -8.25
B) -9.25
C) +8.25
D) +9.25
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