A check register shows a balance of $1,062.55. The bank statement shows a cash balance of $1,156.35. The check register shows outstanding deposits of $93.72 and $59.84 as well as outstanding checks of $31.71, $58.32, and $168.23. The bank statement shows a service charge of $7.00, a charge of $10.00 for a photocopy of a check, and an interest deposit of $6.10. Compute the adjusted cash balance of the check register and the bank statement.

Question

A check register shows a balance of $1,062.55. The bank statement shows a cash balance of $1,156.35. The check register shows outstanding deposits of $93.72 and $59.84 as well as outstanding checks of $31.71, $58.32, and $168.23. The bank statement shows a service charge of $7.00, a charge of $10.00 for a photocopy of a check, and an interest deposit of $6.10. Compute the adjusted cash balance of the check register and the bank statement.​

Quizplus · Accepted Answer

The Answer of A check register shows a balance of $1,062.55. The bank statement shows a cash balance of $1,156.35. The check register shows outstanding deposits of $93.72 and $59.84 as well as outstanding checks of $31.71, $58.32, and $168.23. The bank statement shows a service charge of $7.00, a charge of $10.00 for a photocopy of a check, and an interest deposit of $6.10. Compute the adjusted cash balance of the check register and the bank statement.​

A Check Register Shows a Balance of $1,062