Question

On October 31, 2015, your company's records say that the company has $18,588.13 in its checking account. A review of the bank statement shows you have three outstanding checks totaling $7,403.37, and the bank has paid you interest of $20.24 and charged you $16.00 in service charges. The bank statement dated October 31, 2015 would report a balance of:

$11,180.52
$25,987.26
$11,189.00
$25,995.74