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Exam (elaborations)

Checking Accounts Questions and Graded Answers

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Checking Accounts Questions and Graded Answers

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Checking Accounts Questions and Graded Answers.

George tallies up the transactions in his check register and comes up with a total balance of
$221.57, but his bank statement says that his balance is $203.73. Which of the following are still
outstanding?


I. A $20.25 check to the florist
II. A $14.29 check to the dry cleaners
III. A $38.09 check deposit

IV. A $19.05 money order deposit - I and III


Miranda is opening a checking account, but she left her driver's license at home. Which, if any,
of the following can she use to open her account anyway?


I. Sav-A-Lot Discount Card
II. Passport

III. Social Security card - II or III



What is a "balance brought forward?" - The amount of money you have from the previous
statement period


Roberta's monthly bank statement says that she has a balance of 386.29, but Roberta's 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 Roberta's roommate
III. A $22.67 check to the grocery store

IV. A $62.65 deposit from Roberta's tax return - I and IV

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