Question

Fannie Flynn compares her checkbook register, cancelled checks, and bank statement which shows a balance of $300.42. She finds two outstanding checks for $98.25 and $59.35. There is also an outstanding deposit of $19.95. What is her adjusted balance?

Answer 1

Answer:122.90

Step-by-step explanation:300.42 minus the 3 outstanding balances

Answer 2

Fannie Flynn has a adjusted balance of 162.77

Explanation:

To get the adjusted balance we have to discount the outstanding checks and add the deposits to actual balance.

Balance =balance-outstanding checks+ outstanding deposit

Balance = $300.42-98.25- $59.35+$19.95=162.77