Question: Write the answers to the following problems in the Working Papers. Your instructor will guide you through the following examples. You are authorized to sign checks for Balsam Lake Accounting.
1. For each of these situations, prepare the appropriate endorsement.
a. Write a blank endorsement.
b. Write a special endorsement to transfer a check to Kelsey Sather.
c. Write a restrictive endorsement to deposit a check in the account of Balsam Lake Accounting.
2. Record the balance brought forward on Check Stub No. 78, $1,805.75.
3. Record a deposit of $489.00 made on October 30 of the current year on Check Stub No. 78.
4. Prepare check stubs and write the following checks. Use October 30 of the current year as the date.
a. Check No. 78 to Corner Garage for repairs, $162.00.
b. Check No. 79 to St. Croix Supply for supplies, $92.00.