Mia Wong's Checking Account Had a Balance of $3,100

question 44

Multiple Choice

Mia Wong's checking account had a balance of $3,100.55 on July 1. After looking at her bank statement, she noticed an NSF for $60.50, a service charge of $12.55, and a note collected for $600. There was one deposit in transit for $400 and no checks outstanding. What is the reconciled checkbook balance?

• A) $3,527
• B) $5,327.50
• C) $3,627.50
• D) $3,267.50
• E) None of these

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Definitions:

Skilled Labor

Skilled labor refers to workers who have specialized training, experience, or education that enables them to perform specific tasks.

Unskilled Labor

Work that requires minimal specialized skills or training, often involving manual or routine tasks.

Domestic Demand

The total demand for goods and services within a country, including both consumer spending and business investment.

Wage Gap

The difference in average earnings between two or more groups, often highlighting disparities between genders, races, or other demographic segments.