Question

find the current balance for the account.
balance from bank statement outstanding checks deposits not yet recorded
$5827.84 $46.85 $304.96
$323.96 $268.96
$533.23

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: \(46.85 + 323.96 + 533.23\)
\[

$$\begin{align*} 46.85 + 323.96 + 533.23&=(46.85 + 323.96)+ 533.23\\ &=370.81+ 533.23\\ &=904.04 \end{align*}$$

\]

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: \(304.96 + 268.96\)
\[
304.96 + 268.96 = 573.92
\]

Step3: Calculate current balance

The formula for current balance is: Balance from Bank Statement - Total Outstanding Checks + Total Deposits Not Yet Recorded.
So we substitute the values: \(5827.84 - 904.04 + 573.92\)
\[

$$\begin{align*} 5827.84 - 904.04 + 573.92&=(5827.84 - 904.04)+ 573.92\\ &=4923.8+ 573.92\\ &=5497.72 \end{align*}$$

\]

Answer:

\(5497.72\)