Question 3

Question 31 Point

Based upon the following banking information for Salton Systems Inc. for the month ending June 30, 20XX listed below, find the relevant information and calculate the balance for the bank side, after all additions and deductions are made. State your answer in the area below.

Balance as per bank statement...................................... $45,641.86

Balance as per cheque register........................................ 25,600.00

Total Outsanding deposits: $3,963.64

Total Outstanding cheques: $7,957.53

The banking details for Halper-Downs Inc. for the month ending June 30, 20XX as listed below. Find the relevant information and calculate the subtotal for the cheque register side. State your answer in the area below.

Balance as per cheque register........................................ 165,902.17

Pre-authorized loan payment............................................. $500.00

Pre-authorized insurance payment..................................... $800.00

Overdraft and bank services charges.................................. $175.00

NSF cheque...................................................................... 2,316.00

NSF service charge................................................................ 75.00

Interest earned on an investment.................................... $123.41

Outstanding deposit June 25....................................... 2,345.99

Outstanding Deposit June 28.......................................3,740.90

Bank error on cheque #1849. It was already deducted from the bank statement as $4,350.00 but the cheque was written for $3,450.