Question

Part A: Check Register

Date Description Amount Balance
3/15 Check $28.39 $428.52
3/16 Check $57.56 $370.96
3/20 Deposit $425.95 $796.91
3/24 Check $158.28 $638.63
3/28 Check $199.39 $439.24
3/30 Charge $15.00 $424.24
4/1 Deposit $85.00 $509.24
4/10 Check $89.50 $419.74
Part B: Checking Account Summary

Number of Checks
Number of Deposits:
Previous Balance: $
Total Deposits: $
Total of Checks: $
Service Charge: $
Ending Balance: $

Answer 1

number of checks : 5
number of deposits : 2
previous balance : $ 456.91
total deposits : 510.95
total checks : 533.12
service charge : 15.00
ending balance : 419.74

Answer 2

Explanation:

From the given check register

Number of checks

checks on 3/15, 3/16, 3/24, 3/28, 4/10 so total numbers are 5.

Number of deposits

Deposits on 3/20 and 4/1 total numbers = 2

Previous balance

on 3/15 after a check with-drawl of $ 28.39 balance was $428.52

So previous amount in the account = 428.52 + 28.39 = $456.91

Total deposits

Deposits on 3/20 and 4/1 = 425.95 + 85 = $510.95

Total of checks

Total of checks on 3/15, 3/16, 3/24, 3/28, 4/10 = 28.39 + 57.56 + 158.28 + 199.39 + 89.50 = $533.12

Service charge

balance that should be in account after checks and deposits = balance before 3/15 - (checks - deposits) = 456.91 - (533.12 - 510.95) = $434.74

But the closing balance on 4/10 is 419.74

Therefore service charge charged by the bank = 434.74 - 419.74 = $15

Ending balance

Balance on 4/10 = 419.74