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?
what do the want me to do with the 5.00 and 13.25 i don't get it.
if you don't care, why are you here?
Assume the bank statement was correct, and the checkbook balance was also correct. We can continue the statement as follows:
date deposit/cheque (+/-) Balance
March 15 - 56.75
?? -5.00 (check) 51.75
?? -13.25 (check) 38.50
?? Deposit (Amount?) 87.37
Thus deposit required to change the balance from 38.50 to 87.37 would be
87.37-38.50=48.87
Home-school, Penn Foster
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To determine the amount Carlos deposited between March 15th and March 20th, we need to consider the changes in his balance during this period.
First, let's subtract the amount of the two remaining checks that the bank did not return from Carlos' checkbook balance:
Checkbook balance as of March 20th: $87.37
Amount of the $5.00 check: -$5.00
Amount of the $13.25 check: -$13.25
Subtotal = $87.37 - $5.00 - $13.25
Next, we need to calculate the difference between Carlos' bank statement balance and the subtotal we obtained from the checkbook:
Bank statement balance as of March 15th: $56.75
Subtotal from checkbook: $69.12 (87.37 - 5.00 - 13.25)
Finally, to find the deposit amount, we subtract the subtotal from the bank statement balance:
Bank statement balance - Subtotal from checkbook = Deposit amount
$56.75 - $69.12 = -$12.37
The negative sign indicates that Carlos' account was overdrawn by $12.37 between March 15th and March 20th. He did not make a deposit during this period.