Question

Melanie’s monthly bank statement says her balance is $280.82, but her check register says that her balance is $312.55. Which of the following are still outstanding? I. A $56.49 check to the drugstore II. A $113.42 paycheck deposit III. A $32.62 refund deposit IV. An $81.69 check to the music store a. I and III b. II and IV c. II and III d. III and IV

Answer 1

The correct option is B. II and IV

Explanation:

Melanie’s monthly bank statement says her balance is $280.82

⇒ Balance in the bank account = $280.82

Also, her check register says that her balance is $312.55

Since, The check register has more amount than the bank amount so the checks are outstanding.

Amount of the checks which are outstanding = 312.55 - 280.82

= $31.73

Now, if we deposit check of $113.42 and pay a check of $81.69 to the music store.

Then the resulting amount of check will be 113.42 - 81.69 = $31.73

So, The paycheck deposit of $113.42 and a check of $81.69 are still outstanding.

Therefore, The correct option is B. II and IV