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

Question 48

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. Calculate the monthly service charge of $10 into the actual available balance. What is the actual available balance after the service charge?


A) $5,495.55
B) $5,050.13
C) The available balance cannot be determined.
D) $4,624.71

Correct Answer:

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