ninamich23
Answered

Don Ramos receives his bank statement for the month. It shows his balance is $470.99. In comparing his checkbook register, canceled checks, and bank statement, he finds that checks #786 and #789 are outstanding. The amounts are $52.50 and $65.00. What is Don’s adjusted balance?

Verified Answer :

$(52.50+65.00)= Outstanding total (checks that haven't cleared the bank) 

Balance - Outstanding = Adjusted Balance

$470.99 - $(52.50 + 65.00)= $353.49

JeanaShupp

Answer: $ 353.99

Step-by-step explanation:

Given : The balance in Don Ramos's account =  $470.99

The amounts on outstanding check =  $52.50 and $65.00

Then , the total outstanding amount =  \(\$52.50+ \$65.00\)

To find Don’s adjusted balance we subtract the total outstanding amount from the balance in monthly bank statement.

Now,  Don’s adjusted balance will be :-

\($470.99-\$117.00=\$353.99\)

Hence, Don’s adjusted balance =  $ 353.99

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