Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

112 Bank Services - Test Form A Unique Cards and Gifts had the following credit-card transactions during a recent period. Sales Credits $47.82 $102.16 $42.31

image text in transcribed
112 Bank Services - Test Form A Unique Cards and Gifts had the following credit-card transactions during a recent period. Sales Credits $47.82 $102.16 $42.31 $33.41 $152.80 $78.31 $52.87 $119.40 $17.45 $23.40 $271.82 $12.87 7. 7. Find the total amount of credit card sales. 8. What is the total amount of the refunds? 9. Find the credit card sales less refunds. 8. 9. 10. 10. Assuming that the bank charges the retailer a 5% fee, find the amount of the fee at the statement date. 11. 11. Find the amount of the credit given to Unique Cards and Gifts after the fee is subtracted. 12. Use the information in the following table to reconcile the checking account of Four Season Pool Care on the form that follows. Balance from bank statement Checks outstanding (check number is given first) 956 957 961 965 Deposits not yet recorded $4338.76 $ 147.29 $ 31.45 $ 62.99 $ 856.24 $ 274.19 $ 500.00 $ 74.85 9.70 $ 25.31 $4074.22 Bank charge Interest credit Checkbook balance Current balance

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Dividend Stocks For Dummies

Authors: Lawrence Carrel

1st Edition

0470466014, 978-0470466018

More Books

Students also viewed these Finance questions

Question

Identify the different methods employed in the selection process.

Answered: 1 week ago

Question

Demonstrate the difference between ability and personality tests.

Answered: 1 week ago