Asked by tiffani supermom on Jun 24, 2024
Verified
A check register shows a balance of $247.20 before writing three checks for $63.24, $31.54, and $86.50. Compute the new cash balance shown in the check register.
Check Register
A check register, also known as a cash disbursements journal, is used to keep track of financial transactions, specifically outflows, associated with a bank account.
Cash Balance
The amount of cash a company or individual has available after all transactions have been accounted for.
Checks
Written, dated, and signed instruments that direct a bank to pay a specific sum of money to the bearer.
- Estimate the altered cash figures in cheque journals post-transactions.
- Perform arithmetic actions in finance-related scenarios, comprising the addition and subtraction of financial transactions.
Verified Answer
DH
Learning Objectives
- Estimate the altered cash figures in cheque journals post-transactions.
- Perform arithmetic actions in finance-related scenarios, comprising the addition and subtraction of financial transactions.