Question

Sandi's checking account had a balance of $4627.36; her bank statement's balance was $10,275.46. A service fee of $37.00 also appeared on her statement. What was the total of all outstanding checks?

Answer 1

Given:
Checking account balance/ book balance = 4,627.36
Bank statement balance/ bank balance = 10,275.46
Service fee = 37

10,275.46 + 37 = 10,312.46
10,312.46 - 4,627.36 = 5,685.10 is the total outstanding checks

Outstanding checks are checks issued but have not yet been encashed or cleared.