ch money for the $10,500 down payment she needs to open her cupcake caf within the next two years. Jamie Lee is still single, shares a small apartment with a friend, and continues to split all of the associated living expenses, such as rent and utilities, but unfortunately, through a turn of events, has had to seriously consider a place of her own. One evening, after returning to the apartment after a long shift at the bakery, Jamie learned that her roommate had a couple of friends over earlier in the evening. As Jamie went to her room, she noticed that her top desk drawer had been left open and her Debit/ATM card, as well as her checkbook and Social Security card, were missing She immediately contacted the authorities, and the police instructed her to notify her financial institution immediately. But it was late Saturday night, and Jamie thought she had to now wait until Monday morning. Unfortunately, within no time, Jamie found that her checking account had been emptied! Jamie Lee's luck worsened, as she had paid many of her monthly bills late last week. Her automobile insurance, two utility bills, and a layaway payment had all been paid for by check. Her bank almost immediately began sending overdraft alerts through her smart phone for the emptied checking account. Determine the balance in Jamie Lee's checkbook register below. Use this total along with the information from Jamie Lee's monthly bank statement to reconcile her checkbook register with her bank statement. Each answer must have a value for the assignment to be complete. Enter "o" for any unused categories. Bank accounts: Checking account before theft Savings account Emergency fund savings account 401kbalance $2.970 $8.700 $5.700 $440 Amount (-) Deposit (*) Balance 50 $ $ 50.00 2.126.17 68.00 68 $ Excerpt from Jamie Lee's Check Register Checked Check Nurnber Date Description 792 9-10 Car Care (car insurance) 793 9-10 World Card Express (credit card payment) 794 9-10 Great Foods (groceries) 795 9-14 Target (shirts) X 9-15 Deposit (paycheck) Debit 9-17 Chick FILA 95.72 95.72 69.08 69.08 390.12 $ 390.12 8.99 $ 8.99 796 9-19 38 S 38.00 Susie Barrett (birthday gift) Deposit 9-22 390.13 $ 390.13 Step 1: Subtract total of outstanding checks (checks that you have written but that have not yet cleared in the banking system) Check Number Amount Check Number Amount 1793 $ 68.00 794 $ 95.72 795 $ 69 08 1796 $ 38.00 Total s (270 80) Step 2: Add deposits in transit (deposits you have made but that have not yet been reported on this statement) Deposit Date Amount Deposit Date Amount 09/22 $ 390.13 S 390.13 Total Adjusted cash balance: $ 119.33 Checkbook balance: (Enter balance from checkbook) Step 3: Subtract fees or other charges listed on your bank statement, along with ATM withdrawals, debit card payments, and other automatic payments that are not yet reported Description Amount Description Amount Chik Fil A $ 8.99 LIRUUUR UNIT (Enter balance from checkbook) Step 3: Subtract fees or other charges listed on your bank statement, along with ATM withdrawals, debit card payments, and other automatic payments that are not yet reported Description Amount Description Amount Chik Fil A $ 8.99 Total $ (8.99) Step 4: Add any interest earned and direct deposits to your checkbook balance $ $ 0.00 0.00 Interest earned Direct deposits Adjusted cash balance: $ (8.99) Note: At this point, the balances for both the checkbook and bank statement should be the same. If the two do not match, check your math and make sure that every check and deposit was recorded correctly. Difference in adjusted balances $ (128.32) (Should be zero) Account Summary Account Type CHECKING Account Number XXXXXXXXXXX4560 Statement Period 08/16/2017 - 09/15/2017 Description Beginning Balance Deposits/Credits Checks Withdrawals/Debits Ending Balance Amount $1,292.09 $1,950.62 $ 591.12 $ 153.28 $2,498.31 Description Amount Average Balance $1,378.33 Number of days in Statement Period 31 Deposits/ Date Credits 08/18 08/25 09/01 09/08 09/15 Amount 390.12 390.13 390.12 390.13 390.12 Description DEPOSIT - Electronic Credit/Great Foods, Inc. DEPOSIT - Electronic Credit/Great Foods, Inc. DEPOSIT - Electronic Credit/Great Foods, Inc. DEPOSIT - Electronic Credit/Great Foods, Inc. DEPOSIT - Electronic Credit/Great Foods, Inc. Checks Amount Description Check Number 786 787 788 789 790 791 792 47.86 33.26 275.00 80.00 45.00 60.00 50.00 Date Paid 08/19 08/17 09/03 09/02 09/05 09/04 09/12 Great Foods Grocery Target Lion's Gate Communities Electric Co-Op City Water Services Cable Connection World Services Car Care Insurance Account Account Type Summary CHECKING Account Number XXXXXXXXXXX4560 ent.par Statement Period 08/16/2017 - 09/15/2017 Description Beginning Balance Deposits/Credits Checks Withdrawals/Debits Ending Balance Amount $1,292.09 $1,950.62 $ 591.12 $ 153.28 $2,498.31 Description Amount Average Balance $1,378.33 Number of days in Statement Period 31 Deposits/ Date Credits 08/18 08/25 09/01 09/08 09/15 Amount 390.12 390.13 390.12 390.13 390.12 Description DEPOSIT - Electronic Credit/Great Foods, Inc. DEPOSIT - Electronic Credit/Great Foods, Inc. DEPOSIT - Electronic Credit/Great Foods, Inc. DEPOSIT - Electronic Credit/Great Foods, Inc. DEPOSIT - Electronic Credit/Great Foods, Inc. Checks Amount Description Check Number 786 787 788 789 790 791 792 47.86 33.26 275.00 80.00 45.00 60.00 50.00 Date Paid 08/19 08/17 09/03 09/02 09/05 09/04 09/12 Great Foods Grocery Target Lion's Gate Communities Electric Co-Op City Water Services Cable Connection World Services Car Care Insurance Debits Debit Debit Debit Debit Debit Debit 13.56 22.94 39.65 23.74 35.00 18.39 08/19 08/25 08/27 08/28 09/08 09/10 Check Card Purchase - Family Value Gas Check Card Purchase - Domino's Pizza N0001 Check Card Purchase - Great Foods Grocery Check Card Purchase - Family Value Gas Check Card Purchase - World of Cakes Check Card Purchase - Family Value Gas ch money for the $10,500 down payment she needs to open her cupcake caf within the next two years. Jamie Lee is still single, shares a small apartment with a friend, and continues to split all of the associated living expenses, such as rent and utilities, but unfortunately, through a turn of events, has had to seriously consider a place of her own. One evening, after returning to the apartment after a long shift at the bakery, Jamie learned that her roommate had a couple of friends over earlier in the evening. As Jamie went to her room, she noticed that her top desk drawer had been left open and her Debit/ATM card, as well as her checkbook and Social Security card, were missing She immediately contacted the authorities, and the police instructed her to notify her financial institution immediately. But it was late Saturday night, and Jamie thought she had to now wait until Monday morning. Unfortunately, within no time, Jamie found that her checking account had been emptied! Jamie Lee's luck worsened, as she had paid many of her monthly bills late last week. Her automobile insurance, two utility bills, and a layaway payment had all been paid for by check. Her bank almost immediately began sending overdraft alerts through her smart phone for the emptied checking account. Determine the balance in Jamie Lee's checkbook register below. Use this total along with the information from Jamie Lee's monthly bank statement to reconcile her checkbook register with her bank statement. Each answer must have a value for the assignment to be complete. Enter "o" for any unused categories. Bank accounts: Checking account before theft Savings account Emergency fund savings account 401kbalance $2.970 $8.700 $5.700 $440 Amount (-) Deposit (*) Balance 50 $ $ 50.00 2.126.17 68.00 68 $ Excerpt from Jamie Lee's Check Register Checked Check Nurnber Date Description 792 9-10 Car Care (car insurance) 793 9-10 World Card Express (credit card payment) 794 9-10 Great Foods (groceries) 795 9-14 Target (shirts) X 9-15 Deposit (paycheck) Debit 9-17 Chick FILA 95.72 95.72 69.08 69.08 390.12 $ 390.12 8.99 $ 8.99 796 9-19 38 S 38.00 Susie Barrett (birthday gift) Deposit 9-22 390.13 $ 390.13 Step 1: Subtract total of outstanding checks (checks that you have written but that have not yet cleared in the banking system) Check Number Amount Check Number Amount 1793 $ 68.00 794 $ 95.72 795 $ 69 08 1796 $ 38.00 Total s (270 80) Step 2: Add deposits in transit (deposits you have made but that have not yet been reported on this statement) Deposit Date Amount Deposit Date Amount 09/22 $ 390.13 S 390.13 Total Adjusted cash balance: $ 119.33 Checkbook balance: (Enter balance from checkbook) Step 3: Subtract fees or other charges listed on your bank statement, along with ATM withdrawals, debit card payments, and other automatic payments that are not yet reported Description Amount Description Amount Chik Fil A $ 8.99 LIRUUUR UNIT (Enter balance from checkbook) Step 3: Subtract fees or other charges listed on your bank statement, along with ATM withdrawals, debit card payments, and other automatic payments that are not yet reported Description Amount Description Amount Chik Fil A $ 8.99 Total $ (8.99) Step 4: Add any interest earned and direct deposits to your checkbook balance $ $ 0.00 0.00 Interest earned Direct deposits Adjusted cash balance: $ (8.99) Note: At this point, the balances for both the checkbook and bank statement should be the same. If the two do not match, check your math and make sure that every check and deposit was recorded correctly. Difference in adjusted balances $ (128.32) (Should be zero) Account Summary Account Type CHECKING Account Number XXXXXXXXXXX4560 Statement Period 08/16/2017 - 09/15/2017 Description Beginning Balance Deposits/Credits Checks Withdrawals/Debits Ending Balance Amount $1,292.09 $1,950.62 $ 591.12 $ 153.28 $2,498.31 Description Amount Average Balance $1,378.33 Number of days in Statement Period 31 Deposits/ Date Credits 08/18 08/25 09/01 09/08 09/15 Amount 390.12 390.13 390.12 390.13 390.12 Description DEPOSIT - Electronic Credit/Great Foods, Inc. DEPOSIT - Electronic Credit/Great Foods, Inc. DEPOSIT - Electronic Credit/Great Foods, Inc. DEPOSIT - Electronic Credit/Great Foods, Inc. DEPOSIT - Electronic Credit/Great Foods, Inc. Checks Amount Description Check Number 786 787 788 789 790 791 792 47.86 33.26 275.00 80.00 45.00 60.00 50.00 Date Paid 08/19 08/17 09/03 09/02 09/05 09/04 09/12 Great Foods Grocery Target Lion's Gate Communities Electric Co-Op City Water Services Cable Connection World Services Car Care Insurance Account Account Type Summary CHECKING Account Number XXXXXXXXXXX4560 ent.par Statement Period 08/16/2017 - 09/15/2017 Description Beginning Balance Deposits/Credits Checks Withdrawals/Debits Ending Balance Amount $1,292.09 $1,950.62 $ 591.12 $ 153.28 $2,498.31 Description Amount Average Balance $1,378.33 Number of days in Statement Period 31 Deposits/ Date Credits 08/18 08/25 09/01 09/08 09/15 Amount 390.12 390.13 390.12 390.13 390.12 Description DEPOSIT - Electronic Credit/Great Foods, Inc. DEPOSIT - Electronic Credit/Great Foods, Inc. DEPOSIT - Electronic Credit/Great Foods, Inc. DEPOSIT - Electronic Credit/Great Foods, Inc. DEPOSIT - Electronic Credit/Great Foods, Inc. Checks Amount Description Check Number 786 787 788 789 790 791 792 47.86 33.26 275.00 80.00 45.00 60.00 50.00 Date Paid 08/19 08/17 09/03 09/02 09/05 09/04 09/12 Great Foods Grocery Target Lion's Gate Communities Electric Co-Op City Water Services Cable Connection World Services Car Care Insurance Debits Debit Debit Debit Debit Debit Debit 13.56 22.94 39.65 23.74 35.00 18.39 08/19 08/25 08/27 08/28 09/08 09/10 Check Card Purchase - Family Value Gas Check Card Purchase - Domino's Pizza N0001 Check Card Purchase - Great Foods Grocery Check Card Purchase - Family Value Gas Check Card Purchase - World of Cakes Check Card Purchase - Family Value Gas