A check register shows a balance of $346.71. The bank statement shows that two checks of $42.34 and $56.25, deposited by the account owner, were drawn against a closed account and were returned as invalid. A charge for $2.00 for each deposit was also deducted by the bank because of the returns. Compute the adjusted cash balance of the check register.

Question

Quizplus · Accepted Answer

The Answer of A check register shows a balance of $346.71. The bank statement shows that two checks of $42.34 and $56.25, deposited by the account owner, were drawn against a closed account and were returned as invalid. A charge for $2.00 for each deposit was also deducted by the bank because of the returns. Compute the adjusted cash balance of the check register.

A Check Register Shows a Balance of $346