Question

Evaluate Meredith's check register. (A) Meredith did a good job; everything is correct. (B) Meredith should have added the value of the paycheck. (C) Meredith should have written debit instead of deposit for the transaction type. (D) Meredith should have written the deposit after the checks, not in between them.

Answer 1

It is important to properly record transactions in a check register, including accurately adding paychecks as deposits. Without viewing Meredith's register, a definitive answer on the proper evaluation cannot be given.

Step-by-step explanation:

To evaluate Meredith's check register, it is necessary to understand the usual practices of maintaining such a register. When evaluating if Meredith did a proper job with her check register, the transactions need to be recorded accurately, with deposits and withdrawals properly accounted for. If Meredith received a paycheck, it should indeed have been added to the account balance as a deposit, not as a debit, which would typically indicate money being taken out. The order in which she recorded the transactions is secondary to the accuracy of the amounts, but typically, chronological order is preferred for clarity and to avoid confusion about the account balance at any given time. Therefore, if Meredith did not add her paycheck or incorrectly labeled the transaction, it requires correction. However, without the actual check register presented in the question, the answer cannot be determined definitively.

Answer 2

The correct answer is option B.

Meredith should have added her paycheck amount to the balance instead of subtracting it; the accurate balance after the deposit should be $1,438.87, not $454.57.

Evaluating Meredith's check register, the correct response is that Meredith should have added the value of the paycheck to her previous balance instead of incorrectly listing it as a payment/debit.

Upon receiving her paycheck on the 15th, the value of $492.15 should have been added to the balance of $946.72, which would have resulted in a balance of $1,438.87. However, the next transaction lists a balance of $454.57, indicating that the deposit was mistakenly subtracted rather than added.