Asked by Kayla Valdes on Jun 09, 2024
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A check register shows a balance of $146.73. The bank statement shows a service charge of $6.50, a charge of $3.00 for a photocopy of a check as requested by the account owner, and interest of $2.37 credited to the account. Compute the adjusted cash balance of the check register.
Check Register
A record used to keep track of checks written, deposits made, and current balance in a checking account.
Bank Statement
A document provided by a bank detailing the transactions in a depositor's account over a specific period.
Service Charge
A fee collected for the benefit of providing a service, often added to bills in restaurants, banking, and hospitality.
- Acquire knowledge on the consequence of bank service fees, interest, and NSF fees on the financial status of accounts.
- Evaluate financial data to make accurate calculations related to personal finance management.
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Learning Objectives
- Acquire knowledge on the consequence of bank service fees, interest, and NSF fees on the financial status of accounts.
- Evaluate financial data to make accurate calculations related to personal finance management.