Question

  ​Mary's last bank statement showed an ending balance of ​$102.87. This​ month, she deposited $385.41 in her account and withdrew a total of ​$143.37. ​Furthermore, Mary wrote a total of five​ checks, two of which have cleared. The two checks that have cleared total ​$90.38. The three remaining checks total ​$69.54. Mary pays no fees at her bank. What is the balance shown this month on​ Mary's bank​ statement? What is the adjusted bank​ balance?

The balance shown this month on​ Mary's bank statement is

The adjusted bank balance is

Answer 1

Balance on Mary's Bank statement = $184.99

	Opening Balance	102.87
Add	Amount deposited	385.41
Less	Withdrawal	143.37
Less	Checks issued (90.38+69.54)	159.92
	Balance	184.99

Note: In Mary's bank statement, all checks issued will be deducted irrespective of whether they are cleared or not.

Adjusted bank balance= Closing balance on Mary's statement+ Cheques not yet cleared

= 184.99 + 69.54

= $254.53