Question

Your bank statement shows you have a balance of $268.93. All the checks you have written during this statement period are shown on the statement, but there is a deposit missing on your bank statement. If your check register shows you have a balance of $302.43, how much is the missing deposit?

Answer 1

Answer:

The missing deposit is $33.50

Explanation:

Given,

Bank statement balance = $268.93

Check register balance = $302.43

If all the transactions recorded in the check register where captured in the bank statement, the balances in the statement and register would have been the same. However, we are told that there is a deposit missing on your bank statement. Therefore,

Missing deposit = $302.43 - $268.93

                          = $33.50

The missing deposit amounts to $33.50.