consider the following incomplete deposit slip: description amount ($) cash, including coins 15 00 check 1…

consider the following incomplete deposit slip: description amount ($) cash, including coins 15 00 check 1 62 44 check 2 27 83 check 3 45 75 subtotal?? ?? less cash received?? ?? total 62 23 how much cash did the person who filled out this deposit slip receive? a. $381.23 b. $451.02 c. $88.79

consider the following incomplete deposit slip: description amount ($) cash, including coins 15 00 check 1 62 44 check 2 27 83 check 3 45 75 subtotal?? ?? less cash received?? ?? total 62 23 how much cash did the person who filled out this deposit slip receive? a. $381.23 b. $451.02 c. $88.79

Answer

Explanation:

Step1: Calculate the subtotal of deposits.

The subtotal is the sum of cash and all checks deposited. $$ \text{Subtotal} = $15.00 + $62.44 + $27.83 + $45.75 $$ $$ \text{Subtotal} = $151.02 $$

Step2: Calculate the cash received.

The cash received is the difference between the subtotal and the total deposit amount. $$ \text{Less cash received} = \text{Subtotal} - \text{Total} $$ $$ \text{Less cash received} = $151.02 - $62.23 $$ $$ \text{Less cash received} = $88.79 $$

Answer:

c. $88.79