Question

find the current balance for the account.
balance from bank statement outstanding checks deposits not yet recorded
$11,559.57 $37.72 $6098.97
$4336.68 $93.09
$74.55
$29.91

the current balance is $

Explanation:

Step1: Calculate total outstanding checks

To find the total outstanding checks, we sum up all the outstanding check amounts. The outstanding checks are $37.72, $4336.68, $74.55, and $29.91.
\[
37.72 + 4336.68 + 74.55 + 29.91
\]
First, add $37.72 and $4336.68: \(37.72 + 4336.68 = 4374.4\)
Then add $74.55: \(4374.4 + 74.55 = 4448.95\)
Then add $29.91: \(4448.95 + 29.91 = 4478.86\)
So total outstanding checks = $4478.86

Step2: Calculate total deposits not yet recorded

The deposits not yet recorded are $6098.97 and $93.09.
\[
6098.97 + 93.09 = 6192.06
\]
So total deposits not yet recorded = $6192.06

Step3: Calculate current balance

The formula for current balance is: Balance from Bank Statement - Total Outstanding Checks + Total Deposits not yet Recorded
\[
11559.57 - 4478.86 + 6192.06
\]
First, subtract total outstanding checks from bank statement balance: \(11559.57 - 4478.86 = 7080.71\)
Then add total deposits not yet recorded: \(7080.71 + 6192.06 = 13272.77\)

Answer:

13272.77