3
QuizMultiple Choice

Checking Accounts

Question 3 • POP Financial Math 26/27

Brett tallies up the transactions in his check register and comes up with a total balance of $248.53, but his bank statement says that his balance is $257.72. Which of the following are still outstanding?I. A $44.09 check to the electronics storeII. A $73.98 check to the mechanicIII. A $49.96 paycheck depositIV. A $64.79 check deposit from Brett’s cousin

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

Explanation

The register balance is $9.19 less than the bank statement balance: $248.53 − $257.72 = −$9.19. An outstanding check makes the register balance lower than the bank balance, while an outstanding deposit makes it higher. Check II minus deposit IV gives $73.98 − $64.79 = $9.19, so the outstanding items are the $73.98 check to the mechanic and the $64.79 check deposit from Brett’s cousin.

AI-written and checked against the verified answer.

Previous
Next