Contemporary Mathematics for Business and Consumers, Third Edition

Robert A. Brechner
Copyright © 2003 Thomson/South-Western

Level 1
Chapter 4 - Section I - Exercise 7

Properly fill out the deposit slip for The Williamson Corp., based on the following information:
a. Date: July 9, 20xx
b. $16,580 in currency
c. $62.25 in coins
d. Checks in the abount of $2,455.94; $4,338.79; and $1,461.69

Note: Fill in the appropriate values and use Excel for all computations.

The Williamson Corp

CURRENCY
DATE 21/2/2021 COIN
CHECKS

TOTAL-OTHER SIDE
Bank of America TOTAL 0.00
LESS CASH
NET DEPOSIT 0.00
Contemporary Mathematics for Business and Consumers, Third Edition
Robert A. Brechner
Copyright © 2003 Thomson/South-Western

Level 2
Chapter 4 - Section I - Exercise 8

Properly fill out the deposit slip for Sally Randall, based on the following information:
a. Date: December 18, 20xx
b. A check for $651.03
c. $150 cash withdrawal

Note: Fill in the appropriate values and use Excel for all computations.

SALLY RANDALL
CURRENCY
DATE COIN
CHECKS

TOTAL-OTHER SIDE
Bank of America TOTAL
LESS CASH
NET DEPOSIT
Contemporary Mathematics for Business and Consumers, Third Edition
Robert A. Brechner
Copyright © 2003 Thomson/South-Western

Level 1
Chapter 4 - Section II - Exercise 1

On April 3, Skeeter King received her bank statement, showing a balance of $1,637.93.
Her checkbook showed a balance of $1,493.90. Outstanding checks were $224.15,
$327.80, $88.10, $122.42, and $202.67. There was an $8.00 service charge, and the deposits
in transit amounted to $813.11. Use the form below to reconcile Skeeter's account.

Checks Outstanding

Amount

Total 0.00

CHECKBOOK BALANCE STATEMENT BALANCE

Add: Interest & Other Credits Add: Deposits in Transit

SUB TOTAL 0.00 SUB TOTAL 0.00

Deduct: Service Charges & Other Debits Deduct: Outstanding Checks 0.00

ADJUSTED CHECK BOOK BALANCE 0.00 ADJUSTED STATEMENT BALANCE 0.00

Contemporary Mathematics for Business and Consumers, Third Edition
Robert A. Brechner
Copyright © 2003 Thomson/South-Western

Level 2
Chapter 4 - Section II - Exercise 2

Bob Albrecht received his bank statement on July 5, showing a balance of $2,663.31. His
checkbook had a balance of $1,931.83. The statement showed a service charge of $15.80
and a note collected by the bank for Bob, in the abount of $200.00. (A note collected is
a payment owed to Bob by someone who makes that payment directly to bob's bank
account.) The deposits in transit totaled $314.12, and the outstanding checks were for
$182.00, $261.40, and $418.00. Use the form below to reconcile Bob's account.

Checks Outstanding

Amount

Total

CHECKBOOK BALANCE STATEMENT BALANCE

Add: Interest & Other Credits Add: Deposits in Transit

SUB TOTAL SUB TOTAL

Deduct: Service Charges & Other Debits Deduct: Outstanding Checks

ADJUSTED CHECK BOOK BALANCE ADJUSTED STATEMENT BALANCE
Contemporary Mathematics for Business and Consumers, Third Edition
Robert A. Brechner
Copyright © 2003 Thomson/South-Western

Level 3
Chapter 4 - Assessment Test - Exercise 3

As cashier for the Country Kitchen Care, it is your responsibility to make the daily
deposits. Complete the deposit slip below based on the following information:
a. Date: January 20, 20xx
b. Checks totaling $344.20
c. Currency of $547.00
d. Coins: 125 quarters, 67 dimes, 88 nickels, and 224 pennies.

Note: Fill in the appropriate values and use Excel for all computations (including
the total for the coins).

COUNTRY KITCKEN CAFÉ

CURRENCY
DATE COIN
CHECKS

TOTAL-OTHER SIDE
Grove Isle Bank TOTAL
LESS CASH
NET DEPOSIT
Contemporary Mathematics for Business and Consumers, Third Edition
Robert A. Brechner
Copyright © 2003 Thomson/South-Western

Level 3
Chapter 4 - Assessment Test - Exercise 5

On October 1, Jennifer Bernhard received her bank statement showing a balance of

$440.22. Her checkbook records indicate a balance of $338.97. There was a service
charge for the month of 414.40 on the statement. The outstanding checks were for
$47.10, $110.15, $19.80, and $64.10. The deposits in transit totaled $125.50. Use the
following form to reconcile Jennifer's checking account.

Checks Outstanding

Amount

Total

CHECKBOOK BALANCE STATEMENT BALANCE

Add: Interest & Other Credits Add: Deposits in Transit

SUB TOTAL SUB TOTAL

Deduct: Service Charges & Other Debits Deduct: Outstanding Checks

ADJUSTED CHECK BOOK BALANCE ADJUSTED STATEMENT BALANCE