Week4 HM
Complete the Chapter 4: End of Chapter Drill and Word Problems (4-1 through 4-4).
DRILL PROBLEMS
4-1. Fill out the check register that follows with this information for August 2022: LU 4-1( 1 )
Aug 7 Check No. 959 AT&T $143.50 15 Check No. 960 Staples 66.10 19 Deposit 800.00 20 Check No. 961 West Electric 451.88 America 319.24 24 Check No. 962 Bank of 400.30 29 Deposit
YOUR ACCOUNT RECORD ALL CHARGES OR CREDITS THAT AFFECT PEE V ft Mr ( – I DEPOSITeCREDa ( • I BALANCE NUMBER DATE DESCRIPTION OF WANSACT10.1 PAYMENTIDEBIT 5 4,500 75 2019 I I $ $ $
4-2. November 1, 2022, Payroll.com, an Internet company, has a $10,481.88 checkbook balance. Record the fol-lowing transactions for Payroll.com by completing the two checks and check stubs provided. Sign the checks Garth Scholten, controller. LU 4-1(2) a. November 8, 2022, deposited $688.10 b. November 8, check No. 190 payable to Staples for office supplies—$766.88 c. November 15, check No. 191 payable to Best Buy for computer equipment—$3,815.99.
N„ $ PAYROLLCOM 1 LEDGER RD. ST PAUL . MN 55113 I’- No. 190 20 5-12,iio 20 To For BALANCE OCIltARS CIMTS 190 $ AMT. DEPOSITED DOLLARS IPSIVICHBANK)k ipswichbank.com MEMO A011000138A 25 11103 1…— TOTAL *MT THIS CHECK PIALASOF FORWARD ,
No. T o For $ 20 PAYROLL.COM 1 LEDGER RD. ST. PAUL. MN 55113 PAY TO T14c OROCH OF No. 191 20 5 11110 DOLLARS BALANCF OCK✓MIS CIMTS $ AMT nr room 11103 191 IPSIVICHRINK)k. ipswichbank.com MEMO TOTAL WI THIS CHICK emiuwa FORWARO A011000138A 25
4-3. Using the check register in Problem 4-1 and the following bank statement, prepare a bank reconciliation for Lee.com. LU 4-2(3)
4-4. The World Bank forecasted growth of world trade to be 2.9%, up from 2.7%. This change caused Galapagos Islands Resort to analyze its current financial situation, beginning with reconciling its accounts. Galapagos Islands Resort received its bank statement showing a balance of $8,788. Its checkbook balance is $15,252. Deposits in transit are $3,450 and $6,521. There is a service charge of $45 and interest earned of $3. Notes collected total $1,575. Outstanding checks are No. 1021 for $1,260 and No. 1022 for $714. All numbers are in U.S. dollars. Help Galapagos Islands Resort reconcile its balances. LU 4-2(3)
