Question

Your bank statement has arrived and shows an ending balance of $972.25. After reconciling the checks and deposits that have cleared, you find you have check #1234 for $15.00, #1235 for $9.23, and #1236 for $22.50 and two deposits of $123.56 and $156.78 as outstanding. What balance should appear in your checkbook register

Answer 1

972.25−15−9.23−22.50+123.56+156.78==1,205.86

Answer 2

The ending balance of the account is given as $972.25.

The checks that are there for clearance are of amounts $15.00 ,$9.23 and $22.50 .

Balance in the account after the checks are cleared =

972.25-( 15.00+9.23+22.50) =972.25-46.73=$925.52.

The amounts that are deposited are $123.56 and $156.78.

Balance in the account after the amounts were deposited =

925+123.56+156.78=1205.86.

Balance that should appear in the checkbook register is $1,205.86.