Homework Help: finance

Posted by sharon on Saturday, February 11, 2012 at 9:59am.

computing checking account balance. based on the following information,determine the true balance in your checking account.
balance in your checkbook-$356
balance on bank statement,$472
service charge and other fees, $15
interest earned on account $4
total outstanding checks $187
despoit in transit $60

Personal Finance - Denise, Thursday, May 9, 2013 at 2:38pm
to determine the balance in my checking account I would do the following;
bank balance $472 - outstanding checks $187 + deposit transit $60= 345

checkbook balance $356 +interest earned $4 - service charge $15=345

Answer this Question

Related Questions

Math - Sarah must maintain a balance of at least $500 in her checking account to...
math - Suppose your business has a special checking account used just for paying...
personal finance - Based on the following information,what account would be ...
Garland High school - Suppose you must maintain a balance of least $500 in your ...
math - Ann had a balance of $25 in her checking account. She wrote three checks ...
Finance - If my checking account pays 3.4 % interest, how much would I earn per ...
College Personal Finance - Annual interest of 6.0% paid if balance exceeds $900...
Finance - Nick has a revolving department store credit card account 15%. Last ...
Information Technology - Introduction to Programming Logic Individual Project ...
pre-algebra - Terry has 43 dollars in a checking account.If terry writes a check...

For Further Reading

First Name:
School Subject:
Answer: