Question

Finley Iggley's check register balance shows $1,959.75 at the time he receives his bank statement. His bank statement shows a balance of $2,827.00. Finley finds that check #525 for $600.00 and check #527 for $307.25 are still outstanding. He remembers that he took cash from an ATM, but never wrote down the amount. What is the most likely amount of Finley's cash withdrawal?

Answer 1

Bank statement shows a balance of $2,827.00.

From that balance, subtract the sum of the two outstanding checks of ($600 + $307.25).

Do that because those checks have already been written but have not yet been processed by the banks but will be because the money has been spent.


$2,827.00 - ($600 + $307.25) = ?

Post what you get, okay?

After that, there is one additional step to get to the answer to the posted question.

@Notgoodinmath

Answer 2

40

Answer 3

Are you saying that $2,827.00 - ($600 + $307.25) = $40?

If so, then that is not correct.

Answer 4

What is this:

$2,827.00 - ($600 + $307.25) = ?

Answer 5

@Notgoodinmath