Question

Rob Renolds compares his checkbook register, cancelled checks, and bank statement which shows a balance of $409.90. He finds two outstanding checks for $58.53 and $82.22. There is also an outstanding deposit of $160. What is his adjusted balance?

Answer 1

Answer:

$429.15

Explanation:

The computation of the adjusted balance of the bank balance is shown below:

= Balance shown in bank statement + outstanding deposits - one outstanding check - second outstanding check

= $409.90 + $160 - $58.53 - $82.22

= $429.15

while computing the adjusted balance we added the outstanding deposits and subtract the outstanding checks