Annie Hamilton's bank statement showed a balance of $1,489.13. There are $365.75 in outstanding checks. There is one outstanding deposit of $385.00. The bank charged $5.50 in ATM fees. What should her checkbook balance be?

Question

Quizplus · Accepted Answer

Starting with the bank statement balance of $1,489.13, we subtract the outstanding checks of $365.75: 
$1,489.13 - $365.75 = $1,123.38 
Next, we add the outstanding deposit of $385.00: 
$1,123.38 + $385.00 = $1,508.38 
Lastly, we subtract the ATM fee of $5.50: 
$1,508.38 - $5.50 = $1,502.88 
Therefore, her checkbook balance should be $1,502.88.

Annie Hamilton's Bank Statement Showed a Balance of $1,489