Your bank statement shows a balance of $695.Your checkbook register shows a balance of $562.You earned interest of $3 and had a service charge of $5.There are no outstanding deposits.What is the amount of outstanding checks?

Question

Quizplus · Accepted Answer

The difference between the bank statement balance ($695) and the checkbook register balance ($562) is $133. After accounting for the interest earned ($3) and the service charge ($5), the outstanding checks amount to $135.

Your Bank Statement Shows a Balance of $695