Melanie’s monthly bank statement says her balance is $280.82, but her check register says that her balance is $312.55. Which of the following are still outstanding? I. A $56.49 check to the drugstore II. A $113.42 paycheck deposit III. A $32.62 refund deposit IV. An $81.69 check to the music store a. I and III b. II and IV c. II and III d. III and IV
Accepted Solution
A:
Answer:The correct option is B. II and IV Step-by-step explanation:Melanie’s monthly bank statement says her balance is $280.82⇒ Balance in the bank account = $280.82Also, her check register says that her balance is $312.55Since, The check register has more amount than the bank amount so the checks are outstanding.Amount of the checks which are outstanding = 312.55 - 280.82 = $31.73Now, if we deposit check of $113.42 and pay a check of $81.69 to the music store.Then the resulting amount of check will be 113.42 - 81.69 = $31.73So, The paycheck deposit of $113.42 and a check of $81.69 are still outstanding.Therefore, The correct option is B. II and IV