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Use the following figures to find out if an error exists either in the bank's balance or the customer's record book.


The ending balance on the statement is $378.19. Three checks are outstanding: #5104 for $30.90; #5123 for $17.50; and #5124 for $98.10. A deposit of $309.00 has not yet been credited. A service charge of $4.21 has been made. The balance in the record book is $544.90.


Does an error exist? Yes or No?

Respuesta :

Answer:

Yes, the error exists in the customer's record book

Step-by-step explanation:

The ending balance on the statement = $378.19

The amount of outstanding checks are to be deducted from the from the balance.

Hence now, the balance = 378.19 - (30.9+17.5+98.1)

                                        = $231.69

Deposit is added in the balance = 231.69+309

                                                     = $540.69

Service charge is been deducted = 540.69 -4.21

Balance in the bank statement = $536.48

Yes, the error exists in the customer's record book. Since, the balance in the bank statement does not matches the customer's record book.

Bubbastudent

Answer:

227.48

Step-by-step explanation:

I just took the test, the correct answer is 227.48

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