Asked by thomas hennessy on Apr 23, 2024
Verified
A check register shows a balance of $2,100.00 before adding a deposit of $191.11 and writing two checks for $921.34 and $89.77. Compute the new cash balance shown in the check register.
Check Register
A place for recording important information about each transaction.
Cash Balance
The amount of cash on hand or in a bank account that is immediately available for use.
Deposit
A deposit is a sum of money placed in an account or given to a party as security for the fulfillment of a contract, often refundable after certain conditions are met.
- Understand the concept of transactions (deposits and withdrawals) affecting cash balances in check registers.
- Carry out numeric functions in contexts related to finance, including the addition and subtraction of transactions.
Verified Answer
ZK
Learning Objectives
- Understand the concept of transactions (deposits and withdrawals) affecting cash balances in check registers.
- Carry out numeric functions in contexts related to finance, including the addition and subtraction of transactions.