Question

Orlando has a bank statement balance of $414.25 and $5.90 service charge. His check register shows $374.16 and he has two outstanding checks of $26.54 and $21.78. What is his true balance?

$414.25


$408.35


$48.32


$365.93


Orlando has a bank statement balance of $414.25 and $5.90 service charge. His check register shows $374.16 and he has two outstanding checks of $26.54 and $21.78. Orlando should:


Keep the adjusted checkbook balance.


Write the true balance in his checkbook.


Write the balance from the bank statement in his checkbook.

Answer 1

$365.93

$368.26

Explanation:

The true balance :

Statement balance - outstanding cheques

Statement balance = 414.25

Outstanding cheques = 26.54 and 21.76

414.25−26.54−21.78 = 365.93

Adjusted Chequebook balance

Chequebioknvakance will en adjyat d for service charge :

Chequebook balance - service charge

$374.16 - $5.90 = $368.26