Question

find the current balance for the account.
balance from bank statement outstanding checks deposits not yet recorded
$5693.71 $29.95 $471.84
$505.33 $689.92
$207.52
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: $29.95 + 505.33 + 207.52$.
First, add $29.95$ and $505.33$: $29.95 + 505.33 = 535.28$.
Then add $207.52$ to $535.28$: $535.28 + 207.52 = 742.8$.

Step2: Calculate total deposits not yet recorded

Sum up the amounts of deposits not yet recorded: $471.84 + 689.92 = 1161.76$.

Step3: Calculate current balance

The formula for current balance is: Balance from Bank Statement - Total Outstanding Checks + Total Deposits Not Yet Recorded.
Substitute the values: $5693.71 - 742.8 + 1161.76$.
First, $5693.71 - 742.8 = 4950.91$.
Then, $4950.91 + 1161.76 = 6112.67$.

Answer:

$6112.67$