Question

Roberta's monthly bank statement says that she has a balance of 386.29, but Roberta's check register says that her balance is 370.77. Which of the following are still outstanding?

I. A $78.17 check to the electric company
II. A $16.15 deposit from Roberta's roommate
III. A $22.67 check to the grocery store
IV. A $62.65 deposit from Roberta's tax return
a.
I and II
b.
II and III
c.
II and IV
d.
I and IV

Answer 1

Bank − register = 386.29 − 370.77 = 15.52.
Outstanding checks minus outstanding deposits must equal 15.52.

Check I minus deposit IV = 78.17 − 62.65 = 15.52, so I and IV are outstanding.

Answer: d.