Question

The bank statement shows a checking account balance of $5,500. There are outstanding checks totaling $600, an outstanding deposit of $400, and a bank service charge of $15. The balance on the check stub prior to performing the reconciliation should be ___
A) $5,285
B) $5,300
C) $5,700
D) $6,515

Answer 1

Answer Choice: A. because if you subtract all those numbers and divide em by the form factor it all equals out to A) $5,285.