Question

Cal Johnson compares his checkbook register, cancelled checks, and bank statement which shows a balance of $325. He finds two outstanding checks for $53.58 and $20.24. There is also an outstanding deposit of $62. What is his adjusted balance?

$189.17
$313.18
$336.82
$460.82

Answer 1

the answer is $313.18

Answer 2

$313.18.

Explanation:

Given : Cal Johnson has an account balance of $325.

He finds two outstanding checks for amount $53.58 and $20.24.

There is also an outstanding deposit of $62

Solution : Cal Johnson has an account balance of $325.

Since he has outstanding checks of amount $53.58 and $20.24.

When his outstanding checks amount gets deducted from the account then the new account balance will be :

$325 - $53.58 - $20.24 = $251.18

So, after the deduction of outstanding check amounts new account balance is $251.18.

Now, there is also an outstanding deposit of amount $62

So, after the deposition of that amount new account balance will be :$251.18 + $62 = $313.18.

Thus the adjusted account balance is $313.18.