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Talja [164]
3 years ago
6

Jim Lee received his bank statement from Bayne Bank indicating a balance of $7,980. Lee's checkbook showed a balance of $6,800.

Jim noticed that checks outstanding were $1,330. The bank statement also revealed an NSF check for $120 and a service charge of $30. The reconciled balance is:
Mathematics
1 answer:
bezimeni [28]3 years ago
5 0
<span>Given:
Bayne Bank indicating a balance of $7,980.
Lee's checkbook showed a balance of $6,800.
checks outstanding were $1,330.
NSF check for $120 and a service charge of $30. 

Bank balance:                     7,980
less: outstanding checks <u>   (1,330)</u>
Bank balance, end              6,650

Jim's checkbook balance:   6,800
less: NSF check      120
         service charge 30    <u>   (150)</u>
Jim's balance, end              6,650

The reconciled balance is: $6,650.

In reconciling the bank balance, we need to add the deposits in transit and deduct the outstanding checks. This are all transactions reflected in the book but not yet reflected in the bank account.

In reconciling the book balance, we need to add the credits made in the bank account and deduct the debits like service charges.</span>
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Read 2 more answers
81 is 37.5% of what number?
laila [671]

Hi,

81 is 37.5% of 216.

"1. We assume, that the number 37.5 is 100% - because it's the output value of the task.  

2. We assume, that x is the value we are looking for.  

3. If 100% equals 37.5, so we can write it down as 100%=37.5.  

4. We know, that x% equals 81 of the output value, so we can write it down as x%=81.  

5. Now we have two simple equations:

1) 100%=37.5

2) x%=81

where left sides of both of them have the same units, and both right sides have the same units, so we can do something like that:

100%/x%=37.5/81

6. Now we just have to solve the simple equation, and we will get the solution we are looking for.

7. Solution for 81 is what percent of 37.5

100%/x%=37.5/81

(100/x)*x=(37.5/81)*x       - we multiply both sides of the equation by x

100=0.46296296296296*x       - we divide both sides of the equation by (0.46296296296296) to get x

100/0.46296296296296=x  

216=x  

x=216                          "

Have a great day!

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