Asked by Lance Watkins on May 12, 2024

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A bank statement shows a balance of $4,750.26. The check register of the account owner shows an outstanding deposit of $2,322.43 and outstanding checks of $1,500.00, $1,250.00, and $350.00. Compute the adjusted cash balance of the bank statement.​

Bank Statement

A monthly or quarterly document provided by a bank, detailing all transactions in a customer's account during the statement period.

Check Register

A record book or a spreadsheet where all written checks, cash transactions, and deposits are recorded.

Outstanding Deposit

A deposit that has been made to a bank account but not yet cleared or recognized in the bank's record system.

  • Investigate fiscal statements to revise monetary balances.
  • Demonstrate the method of reconciling a bank statement with a check register.
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XC
Xaymara CarrilloMay 16, 2024
Final Answer :
$3,972.69