Question

Eliza Savage received a statement from her bank showing a checking account balance of $324.18 as of January 18. Her own checkbook shows a balance of $487.38 as of January 29. The bank returned all of the cancelled checks but three. The amounts of these three checks are $15.00, $77.49, and $124.28. How much did Eliza deposit in her account between January 18 and January 29?

a. $201.12
b. $54.44
c. $197.24
d. $379.97

Answer 1

The answer would be-answer D $379.97.

Answer 2

Since she did not get those checks back yet, we should subtract them from her account because the bank eventually will when they are processed.
15 +77.49 + 124.28 =216.77 - total of the checks not yet processed.

$324.18 - 216.77 =$107.41 which would be her balance once the three checks are processed. However, she reports that she has $487.38 so the difference is what she deposited. $487.38 - 107.41 = $379.97 - answer d.