A Bank Statement Shows a Balance of $2,970

question 37

Short Answer

A bank statement shows a balance of $2,970.31. The check register of the account owner shows an outstanding deposit of $1,482.93 and outstanding checks of $2,500.00, $1,000.00, and $500.00. Compute the adjusted cash balance of the bank statement.​

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Definitions:

Cause-and-effect

Cause-and-effect is a relationship where one event (the cause) makes another event happen (the effect), often used to explain why things happen.

Trends

Repeatable patterns taking place over time.

Numeric Data

Information that is represented in numbers, often used for statistical analysis or calculations.

Mean Average

A statistical measure calculated by dividing the sum of values in a data set by the number of values.