Karen has a checking account at First Bank. Karen writes a check to Bonanza Apartments for her
rent. In this situation:
A) Karen is the payee, First Bank is the drawee, and Bonanza is the drawer.
B) Karen is the drawer, First Bank is the drawee, and Bonanza is the payee.
C) Karen is the payee, First Bank is the drawer, and Bonanza is the drawee.
D) Karen is the maker, First Bank is the drawee, and Bonanza is the payee.
E) Karen is the drawee, First Banks is the drawer, and Bonanza is the payee.
Question 2
A pair of fair dice is tossed. Events A and B are defined as follows.
A: The sum of the numbers on the dice is 3
B: At least one of the dice shows a 2
True or False: A B = B.
A) True B) False
Example of Reconciling a Bank Statement Cont.
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