Jarod Douglas Jones is a young professional just getting started in the world. He has been having some difficulty getting his checkbook, LOADING..., to match his bank statement, LOADING.... Last month all he had to do was subtract the service charge from his checkbook register and the amounts matched. This month is different. He would like your help reconciling the problem. Help him find his mistake(s) and learn the procedures for balancing his checkbook each month.

a. Record in Jarod's check register all items that appear on the monthly statement received from the bank that have not been previously entered:(Select from the drop-down menu.)

auto insurance automatic payroll deposit service charge

.................................................................................................$enter your response here

(Round to the nearest cent.)

atm deposit and fee atm withral and fee auto insurance branch deposit

....................................................................................$enter your response here

(Round to the nearest cent.)

A Cut Above Hair Salon

ATM deposit and fee

Auto Insurance

Big Al's All-U-Care-To-Eat

................................................................................$enter your response here

(Round to the nearest cent.)

Part 2

The adjusted balance of Jarod's check register is

$enter your response here.

(Round to the nearest cent.)

Part 3

b. In Jarod's check register, the total deposits (or credits):(Select the best answer below.)

A.is greater than the deposits (or credits) on the bank statement.

B.match the withdrawals, checks and debits.

C.match the deposits (or credits) on the bank statement.

D.is less than the deposits (or credits) on the bank statement.

Part 4

c. List any deposits that have been made since the date of the statement.(Select from the drop-down menu.)

ATM deposit and fee

ATM withdrawal and fee

Branch deposit

No additional deposits

....................................................................................$enter your response here

(Round to the nearest cent.)

Part 5

d. List any checks and debits issued by Jarod that have not yet been reported on the bank statement:(Select from the drop-down menu.)

Check 1075

Check 1078

Check 1079

Check 1082

.........................................................................................................$enter your response here

(Round to the nearest cent.)

Check 1076

Check 1080

Check 1083

Check 1087

.......................................................................................................$enter your response here

(Round to the nearest cent.)

Check 1078

Check 1081

Check 1085

Check 1088

.........................................................................................................$enter your response here

(Round to the nearest cent.)

Check 1077

Check 1080

Check 1084

Check 1086

...........................................................................................................$enter your response here

(Round to the nearest cent.)

Part 6

e. The ending statement balance provided in the monthly statement that Jarod received from the bank is

$enter your response here.

(Round to the nearest cent.)

Part 7

f. The total amount of deposits and credits Jarod has made since the statement date is

$enter your response here.

(Round to the nearest cent.)

Part 8

g. The total of the ending statement balance and the deposits made since the statement date is

$enter your response here.

(Round to the nearest cent.)

Part 9

h. The total amount of checks and debits outstanding is

$enter your response here.

(Round to the nearest cent.)

Part 10

i. The adjusted statement balance is

$enter your response here.

(Round to the nearest cent.)

Part 11

j. Comparing the adjusted statement balance with the adjusted balance of Jarod's check register, you find:(Select the best answer below.)

A.the statement is under by $16.00.

B.the checkbook is over by $8.00.

C.the checkbook is under by$8.00.

D.the statement and checkbook now match exactly.

Part 12

k. Since the account balanced last month:(Select the best answer below.)

A.there should be no outstanding deposits from the past and all credits have been included.

B.there should be outstanding checks from the past and all deposits have been included.

C.there should be no outstanding checks from the past but all deposits may not have been included.

D.there should be no outstanding checks from the past and all deposits have been included.

Part 13

Upon review, you notice Jarod made some common mistakes:(Select all that apply.)

A.For check number 1076 he subtracted $69.75 rather than $59.75; resulting in a $10 understatement.

B.For check number 1081 he subtracted $50.20 rather than $20.50; resulting in a $30 understatement.

C.For check number 1078 he transposed $302.20 for $320.20; resulting in an $18 overstatement.

D.For check number 1081 he subtracted $20.50 rather than $50.20; resulting in a $30 overstatement.

E.For check number 1078 he transposed $320.20 for $302.20; resulting in an $18 understatement.

F.For check number 1076 he subtracted $59.75 rather than $69.75; resulting in a $10 overstatement.

Part 14

Making the appropriate correction for these mistakes results in a July 29 balance of

$enter your response here.

(Round to the nearest cent.)

DateNumberPayee/DescriptionCreditDebitBalance 2,005.98 24-Jun1070Dinner out41.81(41.81) 1,964.17 26-Jun1071Cash30.00(30.00) 1,934.17 29-Jun1072Video game50.00(50.00) 1,884.17 30-JunPayroll1,161.731,161.73 3,045.90 1-JulAuto insurance70.50(70.50) 2,975.40 1-Jul1073Cash100.00(100.00) 2,875.40 3-Jul1074Visa45.20(45.20) 2,830.20 3-Jul1075Store card147.11(147.11) 2,683.09 8-Jul1076Gas card69.75(69.75) 2,623.34 8-Jul1077Cell phone27.81(27.81) 2,595.53 9-Jul1078Owed to parents302.20(320.20) 2,275.33 12-Jul1079Dinner out37.87(37.87) 2,237.46 15-JulPayroll1,161.731,161.73 3,399.19 15-Jul1080Auto payment350.00(350.00) 3,049.19 15-Jul1081MasterCard20.50(20.50) 3,028.69 18-Jul1082Discover Card1,599.11(1,599.11) 1,429.58 18-Jul1083Cash125.00(125.00) 1,304.58 19-JulHaircut23.00(23.00) 1,281.58 23-Jul1084Cell phone28.56(28.56) 1,253.02 23-JulGift500.00500.00 1,753.02 21-JulATM withdrawal51.50(51.50) 1,701.52 28-Jul1085Cheap Food Store47.25(47.25) 1,654.27 29-Jul1086Sears9.16(9.16) 1,645.11

Big USA Bank Summary Beginning balance6/271,964.17 Total deposits2,823.46 Total withdrawals2,982.74 Service charge4.50 ATM fees3.00 Ending balance7/291,797.39 Deposits and Electronic Credits Automatic payroll6/301,161.73 Automatic payroll7/151,161.73 Branch deposit7/23500.00 Withdrawals and Electronic Debits Auto insurance7/0170.50 Visa-Check 10747/0545.20 Big Al's All-U-Care-To-Eat7/0739.00 ATM7/1030.00 A Cut Above Hair Salon7/1923.00 ATM7/2150.00 Checks 10717/0130.00 10727/0350.00 10737/08100.00 10747/06See above 10757/09147.11 70767/1669.75 10777/1027.81 10787/12302.20 1080*7/20350.00 10817/2120.50 10827/221,599.11 1084*7/2328.56 *Break in Sequence