Question

Patrice Rodrick has just received her bank statement for the month. It shows her balance is $430.52. In comparing her checkbook register, canceled checks, and bank statement, she finds that checks #224 and #250 are outstanding. The amounts are $32.50 and $62.80. What is Patrice’s adjusted balance?

Answer 1

Add $32.50 + $62.80. The answer will be $95.30. Subtract this from$430.52. Her adjusted balance will be $335.22

Answer 2

$335.22

Explanation:

Her balance according to bank statement = $430.52

Amount of outstanding checks is are $32.50 and $62.80.

So, total outstanding amount = $32.50+$62.80

= $ 95.3

So, Patrice’s adjusted balance = $430.52-$ 95.3

= $335.22

Hence Patrice’s adjusted balance is $335.22