Question

25. As a corporate event coordinator, you are in chargeof balancing the budget for an out-of-town meeting.You started with a balance of $20,000. A check for$3,300 was issued to pay for hotel rooms, a checkfor $500 was issued to pay for the conference room,and a check for $159 was issued to pay for coffeeservice. Deposits of $1,040 and $1,960 werereceived from participating departments. Thebanking statement says your balance is $19,041, butyour records say $18,882. One of the followingstatements is true about what you did wrong in yourcalculations on the account. Which one?

Answer 1

D

1) Let's do it by setting something like a table:

2) Now, let's check the mistake. Note that the difference between the right balance: $19041 and the wrong one $18,882 can simply be checked this way:

$19,041-$18,882=$159. This suggests that the error was subtracting $159 twice

3) Thus the answer is D