Use This chart for problems 1, 2 and 3 Average Balance Maintenance Charge Per Month Per-Check Charge
Question:
Use This chart for problems 1, 2 and 3
Average Balance | Maintenance Charge Per Month | Per-Check Charge |
Less than $500 | $12.00 | $.20 |
$500 - $1999 | $ 7.50 | $.20 |
$2000 - $4999 | $ 5.00 | $.10 |
$5000 or more 0 0
Use the table to find the monthly checking-account service charge for the following accounts.
- Tina's Tamales, 13 checks, average balance $204
- Thomas Excavating, 24 checks, average balance $1024
- Lasko Plumbing, 94 checks, average balance $6424
Complete the following three check stubs(Problems 4, 5, and 6). Find the balance at the bottom of each stub.
Checks Written
Number | Date | To | For | Amount |
2748 | Feb. 3 | AAA Realty | Building rental | $1200.00 |
2749 | Feb. 8 | Holland Art | Art supplies | $ 162.38 |
2750 | Feb. 12 | Plumbs | Snacks | $ 54.82 |
*Deposits made: $1428 on Feb. 5, $1174 on Feb. 10.
4. Check# 2748
Date 20 Amount To For
Total | $6794.13 |
Deposits | |
This check | |
Other(+or -) | |
Balance |
5. Check# 2749
Date 20 Amount To For
Total | |
Deposits | |
This check | |
Other(+or -) | |
Balance |
6. Check# 2750
Date 20 Amount To For
Total | |
Deposits | |
This check | |
Other(+or -) | |
Balance |
Chapter 5 Banking Services ppt Section 2 all
Unique Cards and Gifts had the following credit-card transactions. Use the information to answer the next four questions.
Sales | Refunds | |||
$47.82 | $102.16 | $42.31 | $33.41 | $152.80 |
$78.31 | $52.87 | $119.40 | $17.45 | $23.40 |
$271.82 | $12.87 |
7.Find the total amount of credit-card sales. | 7. |
8.What is the total amount of the refunds? | 8. |
9.Find the credit-card sales less refunds. | 9. |
10.Assuming that the bank charges the retailer a 5% fee, find the amount of the fee at the statement date. | 10. |