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Larry received the bank statement below.

Checking Account Statement

Account Number: 1234-1212
Checks date check no. amount
9/5 317 $58.29
9/16 319 $75.40
9/25 320 $121.57
Other Activity date transaction amount
9/11 Debit Card $33.52
9/15 Deposit $250.00
9/30 Deposit $250.00
Balances Opening Balance $750.00
Closing Balance $961.22
Larry's checkbook has a balance of $922.63. What is most likely the reason that Larry's balance is different from the bank's balance?

Answers below
Larry made a mistake in his addition.
The bank forgot to include fees.
Larry forgot to write down some deposits.
Check 318 was not cashed or deposited.

Respuesta :

Check 318 was not cashed or deposited is the answer.

Answer:

Option D. check 318 was not cashed or deposited.

Step-by-step explanation:

First we will check the statement transactions

Total with-drawls done = 58.29 + 75.40 + 121.57 + 33.52 = $288.78

Total deposits = 250 + 250 = $500

Opening balance was $750 so as per our calculations closing balance should be 750 + 500 - 288.78 = $961.22 which matches with bank's balance of the statement.

But Larry's checkbook has a balance of $922.63 which different from the bank's balance.

This clearly states that check 318 was not cashed or deposited which is making a difference.

Option D is the answer.

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