Question

George tallies up the transactions in his check register and comes up with a total balance of $221.57, but his bank statement says that his balance is $203.73. Which of the following are still outstanding?

I. A $20.25 check to the florist
II. A $14.29 check to the dry cleaners
III. A $38.09 check deposit
IV. A $19.05 money order deposit
a.
I and III
b.
I and IV
c.
II and III
d.
II and IV

Answer 1

Bank − register = 203.73 − 221.57 = −17.84, so outstanding deposits minus outstanding checks = 17.84.

Check I + III: 38.09 − 20.25 = 17.84, so I and III are outstanding.

Answer: a.