Question

robertas monthly bank statement says that she has a balance of 386.29, but robertas check register says that her balance is 370.77. which of the following are still outstanding?
i. a $78.17 check to the electric company
ii. a $16.15 deposit from robertas roommate
iii. a $22.67 check to the grocery store
iv. a $62.65 deposit from robertas tax return
a. i and ii
b. ii and iii
c. ii and iv
d. i and iv
please select the best answer from the choices provided

Explanation:

Step1: Calculate the difference between bank statement and check register

The difference is \(386.29 - 370.77=15.52\)

Step2: Analyze each option

• For option I (\(- 78.17\)) and IV (\(+62.65\)): \(-78.17 + 62.65=-15.52\) (the negative sign indicates that the check (debit) is larger than the deposit (credit), which causes the register balance to be less than the statement balance as in the problem)
• Option II (\(+16.15\)) and III (\(-22.67\)): \(+16.15-22.67=-6.52

eq15.52\)

• Option I (\(-78.17\)) and II (\(+16.15\)): \(-78.17 + 16.15=-62.02

eq15.52\)

• Option II (\(+16.15\)) and IV (\(+62.65\)): \(16.15 + 62.65 = 78.8

eq15.52\)

Answer:

d. I and IV