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The Monthly Bank Statement Shows a Balance of $5,060

Question 47

Multiple Choice

The monthly bank statement shows a balance of $5,060.13. Three checks in the amounts of $89.50, $310.92, and $25.00 are still outstanding. What is the actual available balance of the checking account?


A) $5,485.55
B) $5,060.13
C) The available balance cannot be determined.
D) $4,634.71

Correct Answer:

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