Question

find the current balance for the account. balance from bank statement $5642.33 outstanding checks $32.27 $711.49 $59.49 $29.13 deposits not yet recorded $501.98 $62.69 the current balance is $\square$.

Explanation:

Step1: Calculate total outstanding checks

To find the total outstanding checks, we sum up the amounts of outstanding checks: \( 32.27 + 711.49 + 59.49 + 29.13 \)
First, add \( 32.27 + 711.49 = 743.76 \)
Then, add \( 743.76 + 59.49 = 803.25 \)
Finally, add \( 803.25 + 29.13 = 832.38 \)

Step2: Calculate total deposits not yet recorded

To find the total deposits not yet recorded, we sum up the amounts of deposits not yet recorded: \( 501.98 + 62.69 \)
\( 501.98 + 62.69 = 564.67 \)

Step3: Calculate current balance

The formula for current balance is: \( \text{Balance from Bank Statement} - \text{Total Outstanding Checks} + \text{Total Deposits not yet Recorded} \)
Substitute the values: \( 5642.33 - 832.38 + 564.67 \)
First, \( 5642.33 - 832.38 = 4809.95 \)
Then, \( 4809.95 + 564.67 = 5374.62 \)

Answer:

\( 5374.62 \)