After reconciling her checkbook with her bank statement, Mrs. Taylor found that she had transposed a check for $127.18 and instead recorded the check as $172.18. If her checkbook balance shows $1,593.45, what should it be?

Question

Quizplus · Accepted Answer

Mrs. Taylor recorded $172.18 instead of $127.18, an overstatement of $45.00. Therefore, she should add $45.00 to her checkbook balance of $1,593.45, resulting in a corrected balance of $1,638.45.

After Reconciling Her Checkbook with Her Bank Statement, Mrs