As the accounting clerk for Hot Suds Car Wash, you write checks and make deposits. The current
Question:
As the accounting clerk for Hot Suds Car Wash, you write checks and make deposits. The current checkbook balance is $3,486.29.
For each transaction:
1. Record the necessary information on the check stub. Determine the new balance and carry the balance forward.
2. Prepare the necessary checks and sign your name as drawer.
Transcribed Image Text:
Date Transactions Oct. 3 Issued Check 504 for $868.45 to Custom Construction for construction supplies. 3 Deposited $601.35 in the checking account. 6 7 Issued Check 505 for $299.60 to CP Lumber for paint. Issued Check 506 to Laverne Brothers for $1,000.00 for completing a painting job. 10 Deposited $342.80 in the checking account. 10 Issued Check 507 to Union Utilities for the September electricity bill of $175.50.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 77% (9 reviews)
Solution 1 The record is as follows i Date 15082011 ii Payee Antonio Jo...View the full answer
Answered By
James Warinda
Hi! I’m James Otieno and I'm an experienced professional online tutor with countless hours of success in tutoring many subjects in different disciplines. Specifically, I have handled general management and general business as a tutor in Chegg, Help in Homework and Trans tutor accounts.
I believe that my experience has made me the perfect tutor for students of all ages, so I'm confident I can help you too with finding the solution to your problems. In addition, my approach is compatible with most educational methods and philosophies which means it will be easy for you to find a way in which we can work on things together. In addition, my long experience in the educational field has allowed me to develop a unique approach that is both productive and enjoyable.
I have tutored in course hero for quite some time and was among the top tutors awarded having high helpful rates and reviews. In addition, I have also been lucky enough to be nominated a finalist for the 2nd annual course hero award and the best tutor of the month in may 2022.
I will make sure that any student of yours will have an amazing time at learning with me, because I really care about helping people achieve their goals so if you don't have any worries or concerns whatsoever you should place your trust on me and let me help you get every single thing that you're looking for and more.
In my experience, I have observed that students tend to reach their potential in academics very easily when they are tutored by someone who is extremely dedicated to their academic career not just as a businessman but as a human being in general.
I have successfully tutored many students from different grades and from all sorts of backgrounds, so I'm confident I can help anyone find the solution to their problems and achieve
0.00
0 Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
The accounting clerk for the Ram System company receives source documents such as purchase orders, sales invoices, and vendor invoices, which she uses to prepare journal vouchers for general ledger...
-
The general ledger for Hot Suds Car Wash shows the following account balances on May 31, the end of the period. Instructions Prepare a work sheet for Hot Suds Car Wash in your working papers. 101 105...
-
You have just hired Geoffrey Hillman to be the accounting clerk for the Hats Off Corporation, a merchandiser of hats, caps, and scarves. Geoffrey has worked as a payroll clerk, but not in sales or...
-
Use the normal approximation to the Poisson distribution with = 75. (a) What is the probability that a value from the Poisson distribution will be greater than 50? (b) What is the probability that a...
-
In this exercise, we will explore how changes in output and input prices affect output supply and input demand curves. A: Suppose your firm has a production technology with diminishing marginal...
-
Pauline makes the following purchases of preference shares in Bassoon pic: There were no disposals of these shares on or before 8 July 2023. Show Pauline's s104 holding of preference shares in...
-
Jakes Roasted Peanuts, Inc., supplies snack foods. The business experienced the following events. a. Jakes Roasted Peanuts issued common stock after receiving cash from the sole stockholder. b. Cash...
-
Hasagama Middle School wants to raise money for a new sound system for its auditorium. The primary fund-raising event is a dance at which the famous disc jockey D.J. Rivet will play classic and...
-
Consider a 1700 kg car rolling downhill as shown in the diagram above. The car begins at a height of 80m relative to the bottom of slope. The car freely accelerates down the slope until it reaches...
-
A refrigerator operates for a certain time, and the work done by the electrical energy during this time is W = 1000 J. What can be said about the heat delivered to the room containing the...
-
a . How should the amount be written on the check? b . Why should checks be written in ink or by typewriter, computer, or check-writing machine?
-
If you have a checking account, you know that the balances on the bank statement and in the checkbook seldom agree. You recognize the importance of reconciling the two balances so that you will know...
-
Show that the area A under (x) = x 1 over [1, 8] satisfies + 15 16 + -100 113 + } = A = 1 + } + } + 4 116
-
Write a program that asks user for their input of number of elements to be sorted and then uses bubbleSort to sort them. BubbleSort is a sorting algorithm. //Use Appropriate imports here. public...
-
In the figure a = 4.10 cm and b= 1.40 cm. What is the magnitude of the force on the 5.0 nC charge?
-
Lily kunkel purchased merchandise from a supplier and failed to pay $780 invoice by the last day of credit period (May 8). Calculate the total amount Lily must pay on June 23 if the supplier charges...
-
3. You are trying to shoot the game-winning three pointer in basketball. You are standing 6.75 meters away from the basket, which is 3 meters above the ground. You release your shot at a height of 3...
-
Suppose that the market premiums for the K = 35 APR and JUL puts are $8.38/share and $7.38/share, respectively. These premiums present an opportunity for an arbitrage profit strategy because the JUL...
-
Globe Corporation, a new environmental control company, initiated a performance-based stock option plan for its management on January 1, 2012. The plan provided for the granting of a variable number...
-
In Exercises 516, find the focus and directrix of the parabola with the given equation. Then graph the parabola. y 2 = 4x
-
At the beginning of the current year Ohio Corporation has a $40,000 accumulated E&P balance and a $73,000 current E&P deficit. The corporation distributes $60,000 cash to its sole shareholder on May...
-
Old Corporation has liquidity problems but wants to maintain its existing dividend policy. Old distributes investment land to its two shareholders. The land has a $30,000 adjusted basis and a...
-
Without liquidating, Park Corporation distributes equipment with a $70,000 adjusted basis and a $80,000 FMV to Pam. The equipment is subject to a $25,000 mortgage assumed by Pam. Park has $300,000 of...
-
An initially motionless test car is accelerated uniformly to 120 km/h in 7.98 s before striking a simulated deer. The car is in contact with the faux fawn for 0.515 s, after which the car is measured...
-
How do you define operational excellence? What factors are involved in achieving operational excellence? Who (within an organization) is responsible for operational excellence and why is this...
-
f(x) = x In(2x) Find f(x) for the function below....
Study smarter with the SolutionInn App