Question

Jeremy Johnson’s statement balance is $523.11. He has two outstanding checks. One is for $32.10 and the other is for $198.33. What is Jeremy’s adjusted balance?

Answer 1

We are asked to solve for the outstanding balance.

The given values are listed below:
Current balance = $523.11
First Outstanding check = $32.10
Second Outstanding check is $198.33

New balance = Current Balance - First outstanding check - second outstanding check
New Balance = $523.11 - $32.10 - $198.11
New Balance = $301.9