Question

Bill Barkley compares his checkbook register, cancelled checks, and bank statement which shows a balance of $500. He finds two outstanding checks for $85.35 and $42.10. There is also an outstanding deposit of $210. What is his adjusted balance?

Answer 1

Answer would be 582.55,

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Answer 2

If you would like to calculate Bill's adjusted balance, you can do this using the following steps:

$500 - ($85.35 + $42.10) + $210 = $500 - $127.45 + $210 = $582.55

The correct result would be $582.55.