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Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
Edition 12ISBN: 978-0132605540Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
Edition 12ISBN: 978-0132605540 Exercise 35
MAINTAINING BANK RECORDS Use the following information to complete the check stub. (See Example.)
Completing a Check Stub
Check number 2724 was made out on June 8 to Lillburn Utilities as payment for water and power. Assume that the check was for $182.15, that the balance brought forward is $4245.36, and that deposits of $337.71 and $193.17 have been made since the last check was written. An electronic payment for $820.36 was made to James Carpenter. Complete the check stub.
Solution
Discuss the advantages and disadvantages of electronic banking. (See Objective.)
Completing a Check Stub
Check number 2724 was made out on June 8 to Lillburn Utilities as payment for water and power. Assume that the check was for $182.15, that the balance brought forward is $4245.36, and that deposits of $337.71 and $193.17 have been made since the last check was written. An electronic payment for $820.36 was made to James Carpenter. Complete the check stub.
Solution
Discuss the advantages and disadvantages of electronic banking. (See Objective.)
Explanation
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Advantages of electronic banking:
Electr...
Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
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