Question

Carlos Martin received a statement from his bank showing a balance of $56.75 as of March 15th his check book shows a balance of $87.37 as of March 20th. the bank returned all the cancelled checks but too. One check was for $5 and the other was for $13.25 how much did Carlos deposit in his account between the March 15th and the March 20th.

A. $125.87
B. $11.22
C. $162.37
D. $48.87

Answer 1

March 15 balance: 56.75
Add: Deposit x
Less: Outstanding check 18.25 ⇒ 5 + 13.25
March 20 balance: 87.37

56.75 + x - 18.25 = 87.37
x = 87.37 - 56.75 + 18.25
x = 48.87 CHOICE D.

Outstanding checks are issued checks that are not yet deducted from the account.

Answer 2

$48.87

Explanation:

Let the deposited amount between the March 15th and the March 20th be x

Balance on 15th march = $56.75

The bank returned all the cancelled checks but too. One check was for $5 and the other was for $13.25

And he also deposited x amount

After deposits and deductions

So, balance = 56.75 +x - (13.25+5)

The new balance on 20th march = $87.37

⇒
`56.75 +x - (13.25+5)=87.37`

⇒
`56.75 +x - 18.25=87.37`

⇒
`38.5 +x =87.37`

⇒
`x =87.37-38.5`

⇒
`x =48.87`

Hence Carlos deposited $48.87 in his account between the March 15th and the March 20th.