This topic contains a solution. Click here to go to the answer

Author Question: When Alicia got her bank statement it showed a balance of 413.58. She saw 3 ATM fees of 1.50, 2.50, ... (Read 65 times)

mspears3

  • Hero Member
  • *****
  • Posts: 586
When Alicia got her bank statement it showed a balance of 413.58. She saw 3 ATM fees of 1.50, 2.50, and 2.00 and no outstanding deposits. The outstanding checks were: Check 103 for 15, Check 106 for 7.35, and Check 109 for 48.19. Alicia's checkbook balance is 368.50. What is the difference between her adjusted checkbook balance and the adjusted bank statement balance?

Question 2

Alfred Jones received a bank statement that showed a balance of 2,671.13. He noted that there was a 2.50 ATM fee and interest of 1.18. There was an outstanding deposit of 635. His outstanding checks were: Check 214 for 75, Check 217 for 115.89, and Check 218 for 48.19. What is the adjusted bank balance?



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

scrocafella

  • Sr. Member
  • ****
  • Posts: 346
Answer to Question 1

19.46;
413.58 - (15 + 7.35 + 48.19 ) = 343.04;
368.50 - (1.50 + 2.50 + 2.00 ) = 362.50; 362.50 - 343.04 = 19.46

Answer to Question 2

3,067.05; The ATM fee and interest are accounted for in the statement. Add the outstanding deposit and deduct the outstanding checks.
2,671.13 - (75 + 115.89 + 48.19 ) + (635 ) = 3,067.05




mspears3

  • Member
  • Posts: 586
Reply 2 on: Jun 24, 2018
Great answer, keep it coming :)


Dominic

  • Member
  • Posts: 328
Reply 3 on: Yesterday
:D TYSM

 

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

Patients who have been on total parenteral nutrition for more than a few days may need to have foods gradually reintroduced to give the digestive tract time to start working again.

Did you know?

In most climates, 8 to 10 glasses of water per day is recommended for adults. The best indicator for adequate fluid intake is frequent, clear urination.

Did you know?

Approximately 70% of expectant mothers report experiencing some symptoms of morning sickness during the first trimester of pregnancy.

Did you know?

The Centers for Disease Control and Prevention has released reports detailing the deaths of infants (younger than 1 year of age) who died after being given cold and cough medications. This underscores the importance of educating parents that children younger than 2 years of age should never be given over-the-counter cold and cough medications without consulting their physicians.

For a complete list of videos, visit our video library