On May 2, you receive your bank statement showing a balance of $1,641.18. Your checkbook shows a balance of $1,427.15. Outstanding checks are $167.31, $245.66,
and $302.56. The account earned $62.11. Deposit in transit amount to $555.61, and there is a service charge of $8.00. Calculate the reconciled balance.



CHECKBOOK BALANCE ___________ STATEMENT BALANCE ___________



Add: Add:

Interest Earned & Other Deposits in Transit ___________

Credits ___________

SUBTOTAL ___________ SUBTOTAL ___________



Deduct: Deduct:

Services Charges & Outstanding Checks ___________

Other Debits ___________





ADJUSTED CHECKBOOK ADJUSTED STATEMENT

BALANCE ___________ BALANCE ___________





2. On Novenber 4, your bank statement shows a balance of $2,253.18. Your checkbook shows a balance of $2,324.34. If there are outstanding checks in the amounts of $105.50 and $158.10, deposits in transit amount to $605.27, account earnings of $68.51 and there is a service charge of $5.00. Determine the Adjusted Checkbook Balance and the Adjusted Statement Balance.

Draw a conclusion.



3. Solve each of the following equations and show how you checked your answers:



a) 3x + 1 = 8





b) 3(n – 1) = 6





c) 2y + 4y = 6 – 3y



4. Kay and Allen sell cell phones. Last month Kay sold 17 more cell phones than Allen. Together they both sold 117 cell phones. How many phones did each of them sell individually? Show the equation you used to determine the answers.