Question

Alexandra's bank statement shows a closing balance of $130.68. There are no outstanding checks or deposits. Her checkbook shows a balance of $127.93. What might account for the different balances?

Answer 1

Interest earned in the amount of $2.75

Explanation:

a.p.e.x

Answer 2

Interest amount is credited

Explanation:

Alexandra's checkbook shows a balance of $127.93

and her bank statement shows a closing balance of $130.68

The difference of balances = 130.68 - 127.93 = $2.75

In bank statement, one transaction $2.75 was credited is more.

If there are no outstanding checks or deposits. It might be interest amount given by bank for her balance.