Question

find the current balance for the account. balance from bank statement outstanding checks deposits not yet recorded $13,490.04 $38.34 $7309.14 $7553.53 $29.64 $40.54 $61.49 the current balance is $\square$.

Explanation:

Step1: Calculate total outstanding checks

To find the total outstanding checks, we sum up all the outstanding check amounts: \(38.34 + 7553.53 + 40.54 + 61.49\)
First, add \(38.34 + 7553.53 = 7591.87\)
Then, \(7591.87 + 40.54 = 7632.41\)
Finally, \(7632.41 + 61.49 = 7693.9\)

Step2: Calculate total deposits not yet recorded

Sum up the deposits not yet recorded: \(7309.14 + 29.64 = 7338.78\)

Step3: Calculate current balance

The formula for current balance is: Balance from Bank Statement - Total Outstanding Checks + Total Deposits not yet Recorded
So, \(13490.04 - 7693.9 + 7338.78\)
First, \(13490.04 - 7693.9 = 5796.14\)
Then, \(5796.14 + 7338.78 = 13134.92\)

Answer:

\(13134.92\)