As the accounting clerk for Hot Suds Car Wash, you write checks and make deposits. The current
Question:
As the accounting clerk for Hot Suds Car Wash, you write checks and make deposits. The current checkbook balance is $3,486.29.
For each transaction:
1. Record the necessary information on the check stub. Determine the new balance and carry the balance forward.
2. Prepare the necessary checks and sign your name as drawer.
Transcribed Image Text:
Date Transactions Oct. 3 Issued Check 504 for $868.45 to Custom Construction for construction supplies. 3 Deposited $601.35 in the checking account. 6 7 Issued Check 505 for $299.60 to CP Lumber for paint. Issued Check 506 to Laverne Brothers for $1,000.00 for completing a painting job. 10 Deposited $342.80 in the checking account. 10 Issued Check 507 to Union Utilities for the September electricity bill of $175.50.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 80% (10 reviews)
Solution 1 The record is as follows i Date 15082011 ii Payee Antonio Jo...View the full answer
Answered By
James Warinda
Hi! I’m James Otieno and I'm an experienced professional online tutor with countless hours of success in tutoring many subjects in different disciplines. Specifically, I have handled general management and general business as a tutor in Chegg, Help in Homework and Trans tutor accounts.
I believe that my experience has made me the perfect tutor for students of all ages, so I'm confident I can help you too with finding the solution to your problems. In addition, my approach is compatible with most educational methods and philosophies which means it will be easy for you to find a way in which we can work on things together. In addition, my long experience in the educational field has allowed me to develop a unique approach that is both productive and enjoyable.
I have tutored in course hero for quite some time and was among the top tutors awarded having high helpful rates and reviews. In addition, I have also been lucky enough to be nominated a finalist for the 2nd annual course hero award and the best tutor of the month in may 2022.
I will make sure that any student of yours will have an amazing time at learning with me, because I really care about helping people achieve their goals so if you don't have any worries or concerns whatsoever you should place your trust on me and let me help you get every single thing that you're looking for and more.
In my experience, I have observed that students tend to reach their potential in academics very easily when they are tutored by someone who is extremely dedicated to their academic career not just as a businessman but as a human being in general.
I have successfully tutored many students from different grades and from all sorts of backgrounds, so I'm confident I can help anyone find the solution to their problems and achieve
0.00
0 Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
The accounting clerk for the Ram System company receives source documents such as purchase orders, sales invoices, and vendor invoices, which she uses to prepare journal vouchers for general ledger...
-
The general ledger for Hot Suds Car Wash shows the following account balances on May 31, the end of the period. Instructions Prepare a work sheet for Hot Suds Car Wash in your working papers. 101 105...
-
You have just hired Geoffrey Hillman to be the accounting clerk for the Hats Off Corporation, a merchandiser of hats, caps, and scarves. Geoffrey has worked as a payroll clerk, but not in sales or...
-
Use the normal approximation to the Poisson distribution with = 75. (a) What is the probability that a value from the Poisson distribution will be greater than 50? (b) What is the probability that a...
-
In this exercise, we will explore how changes in output and input prices affect output supply and input demand curves. A: Suppose your firm has a production technology with diminishing marginal...
-
The figure shows the cross section of a circular steel tube that is filled with concrete and topped with a rigid cap. Calculate the stresses in the steel and in the concrete caused by the 200-kip...
-
The expression for the relativistic momentum (Eq. 27.24) contains the factor m 0 1 - 2 v 2 /c 2 . For a moving electron, suppose this factor is equal to the rest mass of a neutron. Find the speed of...
-
Kaehler Enterprises earns 8% on an investment that pays back $90,000 at the end of each of the next 6 years. What is the amount Kaehler Enterprises invested to earn the 8% rate of return?
-
Question 16 of 100 -/1 View Policies Current Attempt in Progress Sunland Company has 4100 shares of 5%, $100 par non-cumulative preferred stock outstanding at December 31, 2021. No dividends have...
-
Buildings in flood zones are difficult to insure by private insurers because the ideal requirements of an insurable risk are difficult to meet. a. Identify the ideal requirements of an insurable...
-
a . How should the amount be written on the check? b . Why should checks be written in ink or by typewriter, computer, or check-writing machine?
-
If you have a checking account, you know that the balances on the bank statement and in the checkbook seldom agree. You recognize the importance of reconciling the two balances so that you will know...
-
Suppose we have a binomial experiment with n = 40 trials and probability of success p = 0.85. (a) Is it appropriate to use a normal approximation to this binomial distribution? Why? (b) Compute and ...
-
1. Mainland purchased a machine for $85,000 on 1 January 20x7 and assigned it a useful life for 10 years. On 31 March 20x9 it was revalued to $93,000 with no change in useful life. Complete the table...
-
Find the equation of the regression line and identify a characteristic of the data that is ignored by the regression line X 10 8 13 9 11 14 6 4 12 7 5 Y 7.46 6.77 12.74 7.11 7.81 8.84 6.08 5.39 8.15...
-
For each of the following independent cases, fill in the missing amounts in the table: (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable.) Case Direct Labor...
-
All views expressed in this paper are those of the authors and do not necessarily represent the views of the Hellenic Observatory or the LSE George Alogoskoufis Greeces Sovereign Debt Crisis:...
-
Current Attempt in Progress Nash Company is constructing a building. Construction began on February 1 and was completed on December 31. Expenditures were $1,812,000 on March 1, $1,212,000 on June 1,...
-
What is the difference between a balance sheet and an income statement?
-
Write the expression in radical notation. Then evaluate the expression when the result is an integer. 23 -1/2
-
At the beginning of the current year Ohio Corporation has a $40,000 accumulated E&P balance and a $73,000 current E&P deficit. The corporation distributes $60,000 cash to its sole shareholder on May...
-
Old Corporation has liquidity problems but wants to maintain its existing dividend policy. Old distributes investment land to its two shareholders. The land has a $30,000 adjusted basis and a...
-
Without liquidating, Park Corporation distributes equipment with a $70,000 adjusted basis and a $80,000 FMV to Pam. The equipment is subject to a $25,000 mortgage assumed by Pam. Park has $300,000 of...
-
Discuss why it is important for company managers to understand and use social capital knowledge to help build social ties among their skilled knowledge workers so they can build employee loyalty...
-
Kate lives in a house close to a local university, and she traditionally has rented a garage apartment in the back of her property to students for $750 per month. Kate wants to transfer the title to...
-
Pottery Ranch Inc. has been manufacturing its own finials for its curtain rods. The company is currently operating at 100% of capacity, and variable manufacturing overhead is charged to production at...
Study smarter with the SolutionInn App