Your checkbook balance at the end of May is $1,041.52. When you receive May's bank statement, you discover the following additional items: Bank fees, $27.00; Interest earned, $16.35. Your adjusted checkbook balance after considering these items is
A) $1030.87.
B) $1052.17.
C) $950.04.
D) $997.65.

Question

Quizplus · Accepted Answer

To adjust the checkbook balance, subtract the bank fees ($27.00) and add the interest earned ($16.35) to the original balance ($1,041.52). The calculation is $1,041.52 - $27.00 + $16.35 = $1,030.87.

Your Checkbook Balance at the End of May Is $1,041