Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

(1cept Use Figure 4.10 on page 197 to compute the total service charge in the following problems. Check your answers in the back of the

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

(1cept Use Figure 4.10 on page 197 to compute the total service charge in the following problems. Check your answers in the back of the book. 1. Alan Booker's service charges: basic charge, 8 bills paid, a lost card replacement, and four ATM transactions, 2 national and 2 out-of- network. 2. Cindy Parker's service charges: the basic charge, 6 bills paid, 1 overdraft, 3 regional ATM transactions, and a $500 advance. Concept Complete the problem. Check your answer in the back of the book. 3. On April 1, Alyssa Perez (from Example 2) had the online transactions shown in Figure 4.13. Note that the balance brought forward is $871.78. 04/01/20 1,661.57 + 04/01/20 0.50 Check Number Description Payee/Description: AT Deposit Memo: Computer Inc. EDI Pmt. 0555 Memo: Service Charge (bill punt. fee) Wireless Store to 003:4555-555 Online Pmt. 1290 Check Memo: Office Supply Payee Description: AT Withdrawal Memo: Gas OM Serv Pmt. 031202 04/01/20 38.49 04/01/20 14.07 04/01/20 86.95 Lesson Practice Use Figure 4.10 on page 197 to determine the total of the service charge. 4. Sally Hudson's service charges: basic charge, 9 bills paid, lost card replacement, and 6 ATM transactions, 3 national and 3 out of network. 5. Service charges for Gary Baxter's account were the basic charge, 8 bills paid, 1 overdraft, $450 cash advance, and 3 regional ATM transactions. 6. See George Kirkland's end-of-month bank statement in Figure 4.15. Notice that the last activity is at the top of the list. Start at the bottom of the list and calculate the balance for each date shown. Figure 4.15 ************** Figure 4.10 Serve Change Basic Monthly Charge $6.95 Bill Payment first 5 NC 0.50 Printed Statement 4.00 Replace Lost Card 5.00 Overdraft 25.00 International Wire Transfer 20.00 ATM Transaction Charges Local Network N/C Regional Network 1.00 National Network 2.00 Out-of-Network 3.00 Cash Advance 2.00% of Amt $10.00 Max transfer funds from check- ing to savings or savings to checking, make loan payments from checking to loan accounts, make payments to third parties (such as utility companies), get information about account balances, previous deposits, previous with- drawals, and loan balances. I Remember that: Total Basic Service = Monthly + Charge Charge Bill Payments ATM Service Statement + + Charge Cash Advance Service Charge - (1cept Use Figure 4.10 on page 197 to compute the total service charge in the following problems. Check your answers in the back of the book. 1. Alan Booker's service charges: basic charge, 8 bills paid, a lost card replacement, and four ATM transactions, 2 national and 2 out-of- network. 2. Cindy Parker's service charges: the basic charge, 6 bills paid, 1 overdraft, 3 regional ATM transactions, and a $500 advance. Concept Complete the problem. Check your answer in the back of the book. 3. On April 1, Alyssa Perez (from Example 2) had the online transactions shown in Figure 4.13. Note that the balance brought forward is $871.78. 04/01/20 1,661.57 + 04/01/20 0.50 Check Number Description Payee/Description: AT Deposit Memo: Computer Inc. EDI Pmt. 0555 Memo: Service Charge (bill punt. fee) Wireless Store to 003:4555-555 Online Pmt. 1290 Check Memo: Office Supply Payee Description: AT Withdrawal Memo: Gas OM Serv Pmt. 031202 04/01/20 38.49 04/01/20 14.07 04/01/20 86.95 Lesson Practice Use Figure 4.10 on page 197 to determine the total of the service charge. 4. Sally Hudson's service charges: basic charge, 9 bills paid, lost card replacement, and 6 ATM transactions, 3 national and 3 out of network. 5. Service charges for Gary Baxter's account were the basic charge, 8 bills paid, 1 overdraft, $450 cash advance, and 3 regional ATM transactions. 6. See George Kirkland's end-of-month bank statement in Figure 4.15. Notice that the last activity is at the top of the list. Start at the bottom of the list and calculate the balance for each date shown. Figure 4.15 ************** Figure 4.10 Serve Change Basic Monthly Charge $6.95 Bill Payment first 5 NC 0.50 Printed Statement 4.00 Replace Lost Card 5.00 Overdraft 25.00 International Wire Transfer 20.00 ATM Transaction Charges Local Network N/C Regional Network 1.00 National Network 2.00 Out-of-Network 3.00 Cash Advance 2.00% of Amt $10.00 Max transfer funds from check- ing to savings or savings to checking, make loan payments from checking to loan accounts, make payments to third parties (such as utility companies), get information about account balances, previous deposits, previous with- drawals, and loan balances. I Remember that: Total Basic Service = Monthly + Charge Charge Bill Payments ATM Service Statement + + Charge Cash Advance Service Charge

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

Quality Auditing In Construction Projects

Authors: Abdul Razzak Rumane

1st Edition

1032570245, 978-1032570242

More Books

Students also viewed these Accounting 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