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 58 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
Wow, this really help


ashely1112

  • Member
  • Posts: 347
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

Did you know?

The average older adult in the United States takes five prescription drugs per day. Half of these drugs contain a sedative. Alcohol should therefore be avoided by most senior citizens because of the dangerous interactions between alcohol and sedatives.

Did you know?

The Romans did not use numerals to indicate fractions but instead used words to indicate parts of a whole.

Did you know?

The modern decimal position system was the invention of the Hindus (around 800 AD), involving the placing of numerals to indicate their value (units, tens, hundreds, and so on).

Did you know?

Certain topical medications such as clotrimazole and betamethasone are not approved for use in children younger than 12 years of age. They must be used very cautiously, as directed by a doctor, to treat any child. Children have a much greater response to topical steroid medications.

Did you know?

About 80% of major fungal systemic infections are due to Candida albicans. Another form, Candida peritonitis, occurs most often in postoperative patients. A rare disease, Candida meningitis, may follow leukemia, kidney transplant, other immunosuppressed factors, or when suffering from Candida septicemia.

For a complete list of videos, visit our video library