Question

find the current balance for the account.
balance from bank statement outstanding checks deposits not yet recorded
$6628.72 $52.73 $602.66
$451.46 $90.37
$62.61
$68.03

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: \(52.73 + 451.46 + 62.61 + 68.03\)
First, add \(52.73 + 451.46 = 504.19\)
Then, add \(504.19 + 62.61 = 566.8\)
Finally, add \(566.8 + 68.03 = 634.83\)

Step2: Calculate total deposits not yet recorded

Sum up the deposits not yet recorded: \(602.66 + 90.37 = 693.03\)

Step3: Calculate current balance

The formula for current balance is: Balance from Bank Statement - Total Outstanding Checks + Total Deposits not yet Recorded
So, \(6628.72 - 634.83 + 693.03\)
First, \(6628.72 - 634.83 = 5993.89\)
Then, \(5993.89 + 693.03 = 6686.92\)

Answer:

\(6686.92\)