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...
-
Which of the following is not a qualitative factor that Atlas Manufacturing should consider when deciding whether to buy or make a part used in manufacturing their product? a. Quality of the outside...
-
What is the most valuable commodity from a trending program that must be communicated to management of a given facility?
-
You are planning to switch your cell phone provider. The Cellular worksheet presents three options for a cell phone plan with the new company. You could choose a pay-as-you-go plan, a traditional...
-
Refer to case law and/or statutory authority where appropriate and relevant to support your answers. Use IRAC method. Chris, Mia, and Lily teamed up to establish a health consultancy named...
-
Jaspers unadjusted trial balance reports Unearned Client Revenue of $3,200 and Client Revenue Earned of $29,000. An examination of client records reveals that $2,800 of previously unearned revenue...
-
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...
-
One of the assumptions in regression analysis is that a. the errors have a mean of 1. b. the errors have a mean of 0. c. the observations (Y) have a mean of 1. d. the observations (Y) have a mean of...
-
Discuss how the Federal Reserve Bank controls the money supply. How does it expand or contract the money supply? Integrate Biblical principles. Does it appear that the Federal Reserve Bank believes...
-
Analyze the effects of a positive technology growth rate on the growth rate of capital per worker.
-
At the beginning of a session Stan asked the therapist:" I have been wanting to contact my ex-wife, and I am wondering if this would be a good idea? What do you think? As his therapist, how would you...
-
Egg mass = 0.5 kg time of fall = 0.02 seconds drop height = 2 m Calculate the Potential Energy of your egg-trapment (with the egg) using the equation PE = mgh What is the Kinetic Energy of the egg...
-
Use the information provided to calculate the amount of short - term financing needed for each quarter of the next year. Sales estimates ( in millions ) Q 1 = 4 0 0 ; Q 2 = 5 0 0 ; Q 3 = 6 0 0 ; Q 4...
-
As of December 2, 2008, the 30-year swap spread had been negative for a whole month. In particular, on that day, the 3-month repo rate was 0.5%, the LIBOR rate was 2.21%, the 30-year swap rate was...
-
Write each fraction as a percent. 7 50
-
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...
-
Assignment 1 1. Write a program to implement the following formula for a -10 and b = 4; result = (a + 2b - 4ab)^4 // ^4 means to the power of 4 (1 mark) 2. Write a program to implement result = sin...
-
I have most of it done, I just need help fixing some things. import java.util.Scanner; public class Main { private String[] database; private Scanner input; public Main() { database = new...
-
Part 2 - WeatherMonitor Suppose you observe daily temperatures and want to know how hot each day is compared to recent days. That is, you want to: keep track of daily temperature values and know for...
Study smarter with the SolutionInn App