Sigmund wrote four checks last month, and these were the only transactions for his checking account. According to his check register, his balance is $887.79, but the bank statement he just received says his balance is $1065.27. If the four checks were for $168.48, $168.93, $177.48, and $177.93, the check for which amount has not yet cleared?
Answer:
$177.48
Step-by-step explanation:
Given : According to his check register, his balance is $887.79, but the bank statement he just received says his balance is $1065.27.
To Find: If the four checks were for $168.48, $168.93, $177.48, and $177.93, the check for which amount has not yet cleared?
Solution:
His balance according to bank statement = $1065.27
His balance according to his check register = $887.79
Difference between the balances = $1065.27-$887.79
=$177.48
Hence the check for amount $177.48 has not cleared.