This section is from the book "Elementary Banking", by John Franklin Ebersole. Also available from Amazon: Elementary Banking.
The note teller and the foreign and trust departments in the larger banks frequently accumulate cash above any fund that they may currently keep, and these accumulations would, of course, have to be taken into consideration to obtain the closing cash figures for June 30. Assuming then that these various departments have accumulated the total of $1,500 in cash, the receipts and issues for the entire day's business would look like this:
Receipts | |
Receiving Teller ............................... | .$10,000 |
Paying Teller............................... | . 23,000 |
Other Department Receipts. | . 1,500 |
Total Receipts............................. | .$34,500 |
Issues | |
$29,500 | Paying Teller |
$29,500 | Total Payments |
 
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