Question

What is the checkbook balance if you have outstanding checks that totaled $223.85, an ending balance of $159.57, and outstanding deposits of $147.96?

Answer 1

If your ending balance is $159.57, you can then add in the outstanding deposits of $147.96 to get the total of $307.53. Then from that total, subtract the outstanding checks that total $223.85 which gives you the checkbook balance of $83.68.

Answer 2

$235.46

Step-by-step explanation:

The checkbook balance net the consideration of the outstanding items results in the ending balance.

A review of the outstanding items and their treatments;

outstanding checks of $223.85 - This has been issued out and as such will be deducted from the opening balance.

outstanding deposits of $147.96 - This is an inflow and as such will be added to the checkbook balance.

Let the checkbook balance be d

then,

d - $223.85 + $147.96 = $159.57

d = $159.57 + $223.85 - $147.96

d = $235.46

The checkbook balance is $235.46 .