At the beginning of the month, your checking balance was $742.69. You wrote checks of $41.25, $5.49, $12.98 and $26.02. You deposited $12.00,. $151.50 and $75.02. The bank charges a monthly fee of 8.00.

At the end of the month, the bank statement shows a balance of $887.47. Your check book had 900.45. What error was made by either the bank or you.

ANSWERS:

AThe bank charged the fee twice.
BYou forgot to subtract the check for $12.98.
CYour deposit of $12.00 didn't clear.
DThe bank didn't cash the $26.02 check.

Question

Answered

Verified Answer :

eudora eudora · Answer 1 · 2019-08-18T09:29:29-04:00

Answer:

Option B. you forgot to subtract the check for $12.98.

Step-by-step explanation:

Your checking balance at the beginning of the month was = $742.69

You wrote some checks = $41.25, $5.49, $12.98 and $26.02

you deposited = $12.00, $151.50 and $75.02

bank charges a monthly fee = $8.00

so the balance would be =

742.69 - 41.25 - 5.49 - 12.98 -26.02 + 12.00 + 151.50 + 75.02 - 8.00 = $887.47

Your check book had $900.45.

Difference between check book and bank statement = 900.45 - 887.47

= $12.98

Your check book shows $12.98 more,

it means you forgot to subtract the check for $12.98.

Therefore, Option B is the answer.