Consider the following incomplete deposit slip:

Description
Amount ($)
Cash, including coins
15
00
Check 1
62
44
Check 2
27
83
Check 3
45
75
Subtotal
??
??
Less cash received
??
??
Total
62
23

How much cash did the person who filled out this deposit slip receive?
a.
$381.23
b.
$451.02
c.
$88.79
d.
$436.02

1 answer

To determine how much cash the person received, we can first calculate the subtotal of the deposit by summing up the amounts for cash and checks.

The cash amount is:

  • Cash: $15.00

The total from the checks is:

  • Check 1: $62.44
  • Check 2: $27.83
  • Check 3: $45.75

Let's calculate the sum of the checks:

\[ 62.44 + 27.83 + 45.75 = 136.02 \]

Now, we can calculate the subtotal by adding the cash amount and the total of the checks:

\[ Subtotal = Cash + Total of Checks = 15.00 + 136.02 = 151.02 \]

Next, we know that the total on the deposit slip is $62.23. The amount received as cash is found by subtracting this total from the subtotal:

\[ Cash Received = Subtotal - Total = 151.02 - 62.23 = 88.79 \]

So, the amount of cash that the person received is $88.79.

Therefore, the correct answer is: c. $88.79.