On October 20, Pamela Wong, owner of Thunder Graphics Desktop Publishing, deposited

On October 20, Pamela Wong, owner of Thunder Graphics Desktop Publishing, deposited the following in the checking account of the business.

Cash: $800

Checks: Boyden Company; drawn on National Bank of Commerce;

Monroe; ABA No 45-1204; $50.29.

Gail’s Supplies; drawn on Regent Bank; Rayville; ABA No 49-3401; $255.48.

Clinton Co.; drawn on Sun Federal Savings and Loan; Bastrop;

ABA No 52-6429; $788.40.

On October 21, Pamela Wong received the electricity bill from Central Utilities for $314.69 for September 17 to October 18 service.

The October bank statement for Thunder Graphics listed a bank service charge of $21.80, dated October 23.


Instructions

On the forms provided in your working papers:

1. Complete a deposit slip using the October 20 information.

2. Record the deposit on check stub 1068 using $2,468.14 as the balance brought forward.

3. Complete check stub 1068 and prepare Check 1068 to Central Utilities. Use October 22 as the date and sign your name as drawer.

4. Record this service charge in the checkbook on check stub 1069.

5. Journalize the entry for the bank service charge in the general journal. Use October 25 as the date.

6. Answer the following questions.

a. What was the amount carried forward from check stub 1067?

b. What was the checkbook balance before writing Check 1068?

c. What was the total amount deposited on October 20?

d. Identify the payee of Check 1068.

e. What was the balance brought forward on check stub 1069?