Question

123 Savings and Loan charges a monthly fee of $8 on checking accounts and an overdraft protection fee of $33. Neela's check registi
he had a balance of $456
when she wrote a check for $312. Three days later she realized her check register had an error and she actually only had $256, so she transferred $250 into her checking
account. The next day, her monthly account statement was sent to her. What was the balance on her statement?

Answer 1

Based on the calculation below, the balance on Neela's statement is $153.

How do we calculate the balance on a bank statement?

The balance on Neela's statement can be calculated using the following formula:

Balance on statement = Actual amount in the account - Monthly fee - Overdraft protection fee - Check written + Amount transferred ............ (1)

Substituting all the relevant values into equation (1), we have:

Balance on statement = $256 - $8 - $33 - $312 + $250

Balance on statement = $153

Learn more about bank statement balance here: brainly.com/question/13837329.

#SPJ1