Question

Carol Carter compares her checkbook register, cancelled checks, and bank statement which shows a balance of $244.50. She finds two outstanding checks for $55.25 and $ 24.01. There is also an outstanding deposit of $120. What is her adjusted balance?

A.) $45.24
B.) $203.76
C.) $285.24
D.) $443.75

Answer 1

$285.24. Hope this helps!

Answer 2

Her adjusted balance is $285.24

Explanation:

Given : Balance in account $244.50

She has two outstanding checks of amount $55.25 and $24.01

An outstanding deposit of $120.

Solution :

BALANCE = $244.50

Since , She has two outstanding checks of amount $55.25 and $24.01

After the clearance of both the checks the new balance will be :

⇒$244.50-$55.25-$24.01

⇒$165.24

Now, . There is also an outstanding deposit of $120.

So, the new balance will be:

$165.24+$120

⇒$285.24