Asked by Christian Cooper on May 12, 2024
Verified
A check register shows a balance of $3.75 before adding two deposits of $0.91 and $210.35, and writing two checks for $147.98 and $39.46. Compute the new cash balance shown in the check register.
Cash Balance
The amount of cash a company or an individual has available after all transactions have been accounted for.
Deposits
Sums of money placed into an account or with a financial institution for safekeeping and/or to earn interest.
- Calculate adjusted cash balances in check registers after transactions.
- Execute arithmetic formulas in financial settings, including enhancing and lessening transactions.
Verified Answer
JO
Learning Objectives
- Calculate adjusted cash balances in check registers after transactions.
- Execute arithmetic formulas in financial settings, including enhancing and lessening transactions.