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finance

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

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sharon

  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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    Denise

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