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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 39 times)

mspears3

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on: Jun 24, 2018
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?


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scrocafella

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Reply #1 on: Jun 24, 2018
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

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Reply 2 on: Jun 24, 2018
Great answer, keep it coming :)

scottmt

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Reply 3 on: Yesterday
Wow, this really help

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