Question

Calculate the statement balance. (Round your answer to the nearest cent.)

Balance last statement: $3,371.12
Checks processed: $1,214.44
Deposits received: $60.00
Service charge: $10.20
Statement balance:
a. $2,526.48
b. $2,617.32
c. $2,696.52
d. $2,810.28

Answer 1

To calculate the statement balance, subtract the amount of checks processed and service charge from the balance from the last statement and add the amount of deposits received.

Step-by-step explanation:

To calculate the statement balance, start with the balance from the last statement, which is $3,371.12. Then, subtract the amount of checks processed, which is $1,214.44. Next, add the amount of deposits received, which is $60.00. Finally, subtract the service charge, which is $10.20. So, to find the statement balance, you would do:

$3,371.12 - $1,214.44 + $60.00 - $10.20 = $2,206.48

Rounding this to the nearest cent gives us a statement balance of $2,206.48. Therefore, the correct answer is a. b.