Asked by Shannon Michaud on Jul 05, 2024
Verified
A check register shows a balance of $191.83 before adding deposits of $18.19, $31.00, $65.25, $10.46, and $23.64. Compute the new cash balance shown in the check register.
Check Register
A record maintained by account holders to track checks written, deposits made, and the current balance of a checking account.
Cash Balance
The amount of cash that a company or an individual has on hand at any given time.
Deposits
Funds placed into an account at a financial institution for safekeeping.
- Reckon adjusted financial reserves by incorporating or omitting service charges, interest earnings, deposits, and checks from the count in the statement or check log.
- Implement arithmetic proficiency for tackling problems linked to banking exchanges and reconciliation activities.
Verified Answer
ZK
Learning Objectives
- Reckon adjusted financial reserves by incorporating or omitting service charges, interest earnings, deposits, and checks from the count in the statement or check log.
- Implement arithmetic proficiency for tackling problems linked to banking exchanges and reconciliation activities.