- PFP Case 6 Saved Help Save & Exit Submit Check my work Continuing Case 28. Checking Account Reconciliation Jamie Lee Jackson, age 26, is in her last semester of college and is anxiously waiting for graduation day that is just around the corner! She still works part-time as a bakery clerk, has been sticking to her budget the past two years, and is on track to accumulating enough money for the $11,000 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: Prev 10, 1 Next FP Case Help Save & Exlt Submit Check my work Bank accounts Checking account (before theft) Savings accoun Emergency fund savings account 401k) belance $3,010 $8,800 $5,800 Excerpt from Jamie Lee's Check Register Checked Check NumberDate Deseription Amount (i) Deposit (t)Balance $S 792 9-10 50.00 S2,126.21 69.00 Car Care (car insurance) 793 9-10 World Card Expr (credit card payment) Great Foods (groceries) 794 9-10 98.04 98 04 795 9-14Targt 1.43 S71 (shirts) 9-15 Deposit 390.12 390.12 (paycheck) Chick FRA Debit -17 9.01 9.01 Prev1 of 1 Remote Desktop Connection Saved Help Save &Exit Submit r 5-PFP Case Check my work 796 9-19 Susie Barmett 39 9.00 (birthday gift) Deposit 9-22 390.13 $ 390.13 ook Checking Account Reconciliation Statement date: September 16, 2017 Enter balance from 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 NumberAmouii 2: Add deposits in transit (deposits you have made but that have not yet been reported on this statement) Deposit Date Amount Deposit DateAmount Prev 1 of Next ter 5 -PFP Case Help Save & Exlt Submit Check my work Step 2: Add deposits in transit (deposits you have made but that have not yet been reported on this Deposit Date Amount Deposit Date Adjusted cash ook Checkbook balance: sk Enter balance from checabool Step 3: Subtract fees or other charges listed on your bank statement, along with ATM withdrawals, dobit card payments, and atic payments that are not yet reported Amount DescriptionAmount Chk FiA Total Step 4: Add any interest earned and direct deposits to your checkbook balance Interest earned: Direct deposits Adjusted cash balance Prev 1of 11 Next > - PFP Case 6 Saved Help Save & Exit Submit Check my work Continuing Case 28. Checking Account Reconciliation Jamie Lee Jackson, age 26, is in her last semester of college and is anxiously waiting for graduation day that is just around the corner! She still works part-time as a bakery clerk, has been sticking to her budget the past two years, and is on track to accumulating enough money for the $11,000 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: Prev 10, 1 Next FP Case Help Save & Exlt Submit Check my work Bank accounts Checking account (before theft) Savings accoun Emergency fund savings account 401k) belance $3,010 $8,800 $5,800 Excerpt from Jamie Lee's Check Register Checked Check NumberDate Deseription Amount (i) Deposit (t)Balance $S 792 9-10 50.00 S2,126.21 69.00 Car Care (car insurance) 793 9-10 World Card Expr (credit card payment) Great Foods (groceries) 794 9-10 98.04 98 04 795 9-14Targt 1.43 S71 (shirts) 9-15 Deposit 390.12 390.12 (paycheck) Chick FRA Debit -17 9.01 9.01 Prev1 of 1 Remote Desktop Connection Saved Help Save &Exit Submit r 5-PFP Case Check my work 796 9-19 Susie Barmett 39 9.00 (birthday gift) Deposit 9-22 390.13 $ 390.13 ook Checking Account Reconciliation Statement date: September 16, 2017 Enter balance from 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 NumberAmouii 2: Add deposits in transit (deposits you have made but that have not yet been reported on this statement) Deposit Date Amount Deposit DateAmount Prev 1 of Next ter 5 -PFP Case Help Save & Exlt Submit Check my work Step 2: Add deposits in transit (deposits you have made but that have not yet been reported on this Deposit Date Amount Deposit Date Adjusted cash ook Checkbook balance: sk Enter balance from checabool Step 3: Subtract fees or other charges listed on your bank statement, along with ATM withdrawals, dobit card payments, and atic payments that are not yet reported Amount DescriptionAmount Chk FiA Total Step 4: Add any interest earned and direct deposits to your checkbook balance Interest earned: Direct deposits Adjusted cash balance Prev 1of 11 Next >