@Loveiskey18

Katie's bank statement shows a closing balance of $178.11. There are no outstanding checks or deposits. Her checkbook shows a balance of $198.11. What might account for the different balances?

A. Transposing of numbers
B. Deposit of $20.00
C. Overdraft fee in the amount of $20.00
D. Interest earned in the amount of $20.00

Question

@Loveiskey18 

Katie's bank statement shows a closing balance of $178.11. There are no outstanding checks or deposits. Her checkbook shows a balance of $198.11. What might account for the different balances?

 		A.	Transposing of numbers
 		B.	Deposit of $20.00
 		C.	Overdraft fee in the amount of $20.00
 		D.	Interest earned in the amount of $20.00

anonymous · Answer

The only possible solution is overdraft fee in the amount of $20.00, well you can automatically cross out A and B. D is not correct because if Katie earned $20 worth of interest it would $39.62 out of the 198.11, which would equal in the balancing being $158.49. So your answer has to be C.