Author Question: A check register shows a balance of 3,683.52 . The bank statement shows a cash balance of 10,020.18 ... (Read 120 times)

leo leo

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A check register shows a balance of 3,683.52 . The bank statement shows a cash balance of 10,020.18 . The check register shows two outstanding checks of 1,348.31 and 5,000.00 . The bank statement shows a service charge of 11.65 . Compute the adjusted cash balance of the check register and the bank statement.

Question 2

Sam Cooper bought 200 shares of MTV stock at 54 . He sold the stock at 52 . Commission charges were 0.20 per share. Compute the dollar amount of gain or loss.



whitcassie

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Answer to Question 1

3,671.87

Answer to Question 2

480 (loss)



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