Question

Mia’s bank statement shows a closing balance of $75.65. There are no outstanding check or deposit. Her checkbook show a balance of $77.95. what might account for the different balance?

Answer 1

A monthly service fee of $2.30

Step-by-step explanation:

The Closing balance = $75.65

The Checkbook balance = $77.95

The difference in balances = Checkbook balance - Closing balance which is $77.95 - $75.65

The difference in balances = $2.30