Question

Amber's bank statement shows a closing balance of $224.13. There are no outstanding checks or deposits. Her checkbook shows a balance of $221.38. What might account for different balances?

Answer 1

The Possibilies is given below.

Explanation:

Given Amber's bank statement shows a closing balance of $224.13. There are no outstanding checks or deposits. Her checkbook shows a balance of $221.38.

The difference in amount i.e $224.13-$221.38=$2.75

One possibility that is due to the previous month account balance and the another

The interest is certainly a possibility since interest would add additional money to her account and if the interest was $2.75 and she added that to her balance.