Question

Don Ramos receives his bank statement for the month. It shows his balance is $470.99. In comparing his checkbook register, canceled checks, and bank statement, he finds that checks #786 and #789 are outstanding. The amounts are $52.50 and $65.00. What is Don’s adjusted balance?

Answer 1

$(52.50+65.00)= Outstanding total (checks that haven't cleared the bank)

Balance - Outstanding = Adjusted Balance

$470.99 - $(52.50 + 65.00)= $353.49

Answer 2

Answer: $ 353.99

Explanation:

Given : The balance in Don Ramos's account = $470.99

The amounts on outstanding check = $52.50 and $65.00

Then , the total outstanding amount =
`\$52.50+ \$65.00`

To find Don’s adjusted balance we subtract the total outstanding amount from the balance in monthly bank statement.

Now, Don’s adjusted balance will be :-

`$470.99-\$117.00=\$353.99`

Hence, Don’s adjusted balance = $ 353.99