2
QuizMultiple Choice

Checking Accounts

Question 2 • POP Financial Math 26/27

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 companyII. A $16.15 deposit from Roberta's roommateIII. A $22.67 check to the grocery storeIV. A $62.65 deposit from Roberta's tax return

Answer
A
I and II
B
II and III
C
II and IV
D
I and IV

Explanation

The bank balance is $15.52 higher than the check register balance: $386.29 − $370.77 = $15.52. An outstanding check makes the bank balance higher than the register, while an outstanding deposit makes it lower. The $78.17 electric-company check minus the $62.65 tax-return deposit equals $15.52, so the outstanding items are I and IV: the electric-company check and the tax-return deposit.

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