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Maintaining the Checkbook As the accounting clerk for Hot Suds Car Wash, you write
Chapter 11, Problem 11-4(choose chapter or problem)
Maintaining the Checkbook As the accounting clerk for Hot Suds Car Wash, you write checks and make deposits. The current checkbook balance is $3,486.29.
Instructions For each transaction:
1. Record the necessary information on the check stub. Determine the new balance and carry the balance forward.
2. Prepare the necessary checks and sign your name as a drawer.
| Date | Transactions |
| Issued Check 504 for $868.45 to Custom Construction for construction supplies. | |
| 3 | Deposited $601.35 in the checking account. |
| 6 | Issued Check 505 for $299.60 to CP Lumber for paint. |
| 7 | Issued Check 506 to Laverne Brothers for $1,000.00 for completing a painting job. |
| 10 | Deposited $342.80 in the checking account. |
| 10 | Issued Check 507 to Union Utilities for the September electricity bill of $175.50. |
Questions & Answers
QUESTION:
Maintaining the Checkbook As the accounting clerk for Hot Suds Car Wash, you write checks and make deposits. The current checkbook balance is $3,486.29.
Instructions For each transaction:
1. Record the necessary information on the check stub. Determine the new balance and carry the balance forward.
2. Prepare the necessary checks and sign your name as a drawer.
| Date | Transactions |
| Issued Check 504 for $868.45 to Custom Construction for construction supplies. | |
| 3 | Deposited $601.35 in the checking account. |
| 6 | Issued Check 505 for $299.60 to CP Lumber for paint. |
| 7 | Issued Check 506 to Laverne Brothers for $1,000.00 for completing a painting job. |
| 10 | Deposited $342.80 in the checking account. |
| 10 | Issued Check 507 to Union Utilities for the September electricity bill of $175.50. |
Step 1 of 5
Check refers to a negotiable instrument incorporated by banks for initiating the transfer of funds between various customers of the same bank or of different banks. These are issued for a nominal fee. These are issued serial wise as a bundle attached together in a small file known as checkbook.