QUESTION 6 Find the current balance 119394 59600 60187 59013
QUESTION 6
Find the current balance.
$1193.94
$596.00
$601.87
$590.13
| A. | $1193.94 | |
| B. | $596.00 | |
| C. | $601.87 | |
| D. | $590.13 | 
Solution
Balance from bank statement =$1199.81
out standing checks (debits) =$164.00
=$351.15
=$344.77
out standing deposits ( credits) =$256.11
bank service charge =$9.04
adjustments (interest credit ) =$3.17
check register balance =$601.87
therefore current balance =$ 1199.81 -164.00 -351.15 -344.77+256.11 -9.04 +3.17
=$ 590.13
hence option D is the answer
Note check register balance is 11.74 more than current balance

