1) The Bank statement of Jake Hansen showed a balance of $356.93. His check register showed balance of $308.34. When Jake compared two records he found several differences. The band statement listed these items not recorded in the register: ATM withdrawal, $50; ATM user fee, $2.25. direct deposit of paycheck, $624.70: checks for $287.23, $180.11, and 472.89. A checkfor $85:89 was recorded in the register as $58.89. The Items not listed on the bank statement included checks for $72.44, $9.76 and $113.57 and a $50 deposit made after the statement closing date. Debit card purchases of $85.67 and 16.73 appeared on the statement but not in the register. Reconcile Jakes bank statement and Check Register.
2) A 2- Month CD pays 2.1% simple interest for the term of the deposit. A passbook account pays 1.65% annual compounded monthly. In Which account will a $3,600 investment earn the most interest for two months, and how much more?
