Question

What should the checkbook balance be if you have outstanding checks that total $234.56, an ending balance of $508.50, and outstanding deposits of $57.50?

Answer 1

i guess 508.5+57.5-234.56=331.44

Answer 2

$331.44

Explanation:

An ending balance of the account = $508.50

Some outstanding checks that total = $234.56

Some outstanding deposits that total = $57.50

Now to calculate the checkbook balance we just add deposits and subtract the value of outstanding checks

508.50 + 57.50 - 234.56 = $331.44

The balance of checkbook would be $331.44