Author Question: The bank statement balance for Alan's Auto Repair showed 983.45. The Checkbook Balance showed ... (Read 53 times)

Yolanda · **on:** Jun 24, 2018

The bank statement balance for Alan's Auto Repair showed 983.45. The Checkbook Balance showed 1,061.94. Outstanding checks were 45.25, 36.99, and 163.77. Deposits in-transit were 102.50 and 210.00. There was a bank service charge of 8.00 and an ATM fee of 4.00. The reconciled bank balance is 1,049.94.
Indicate whether the statement is true or false

Question 2

Amaya Lin received a check for her birthday. She decided to sign the check over to her sister Kala Lin so she could cash it. The correct full endorsement on the back of the check should include the words: Pay to the order of Kala Lin Amaya Lin (Amaya's Account )
Indicate whether the statement is true or false