# finance

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

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1. 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

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posted by Denise

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