Question

find the current balance for the account. balance from bank statement outstanding checks deposits not yet recorded $28,257.51 $36.01 $5334.32 $4502.24 $72.81 $51.62 $99.93 the current balance is $\square$.

Explanation:

Step1: Calculate total outstanding checks

First, we sum up all the outstanding checks. The outstanding checks are $36.01, $4502.24, $51.62, and $99.93.

$$ 36.01 + 4502.24 + 51.62 + 99.93 = 36.01 + 4502.24 = 4538.25; 4538.25 + 51.62 = 4589.87; 4589.87 + 99.93 = 4689.8 $$

Step2: Calculate total deposits not yet recorded

Next, we sum up the deposits not yet recorded. The deposits are $5334.32 and $72.81.

$$ 5334.32 + 72.81 = 5407.13 $$

Step3: Calculate current balance

The formula for current balance is: Balance from Bank Statement - Total Outstanding Checks + Total Deposits not yet Recorded.
So we substitute the values: \(28257.51 - 4689.8 + 5407.13\)
First, \(28257.51 - 4689.8 = 23567.71\)
Then, \(23567.71 + 5407.13 = 28974.84\)

Answer:

\(28974.84\)