Carlos Martin received a statement from his bank showing a balance of $56.75 as of March 15th. His checkbook shows a balance of $87.37 as of March 20. The bank returned all the cancelled checks but two. One check was for $5.00 and the other was for $13.25. How much did Carlos deposit in his account between the March 15 and the March 20?
A. $48.87 B. $11.22 C. $125.87 D. $162.37
?
A would be my best answer.
once the two checks have cleared, his balance at the bank will be
56.75 - 5.00 - 13.25 = 38.50
His checkbook shows 87.37-38.50 = 48.87 more than that.
Looks like (A) as you said.
To figure out the amount Carlos deposited in his account between March 15th and March 20th, we need to reconcile the difference between the bank statement balance and the checkbook balance.
First, let's calculate the total amount of checks that were not returned by the bank: 5.00 + 13.25 = 18.25.
Now, let's find the adjusted balance in Carlos' checkbook by subtracting the total amount of the checks not returned from the checkbook balance:
87.37 - 18.25 = 69.12.
Next, we compare the adjusted checkbook balance with the bank statement balance to determine the total deposits made by Carlos during this period:
69.12 - 56.75 = 12.37.
Thus, Carlos deposited $12.37 in his account between March 15th and March 20th.
Therefore, the correct answer is not provided among the options.