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Author Question: A check register shows a balance of 260.50 . The bank statement shows a service charge of 7.00 . The ... (Read 86 times)

joesmith1212

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on: Jun 24, 2018
A check register shows a balance of 260.50 . The bank statement shows a service charge of 7.00 . The bank statement also shows interest of 1.34 credited to the account. Compute the adjusted cash balance of the check register.

Question 2

Assume a differential rate of 12.5 cents for odd lot sales and purchases. Mark sold 250 shares of PFB stock at 62 . Commission charges were 0.20 per share. Compute the proceeds of the sale.


zoeyesther

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Reply #1 on: Jun 24, 2018
Answer to Question 1

254.84

Answer to Question 2

15,443.75


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