Demetrio's bank statement showed a balance of $909.27. He had the following outstanding checks: Check 440 for $12.95, Check 441 for $80.25, Check 442 for $10.10, and Check 443 for $28.07. The bank deducted a $15.50 service charge. Demetrio's balance in his checkbook was $793.40. What was the checkbook balance after reconciliation?
Demetrio's bank statement showed a balance of $909.27. He had the following outstanding checks: Check 440 for $12.95, Check 441 for $80.25, Check 442 for $10.10, and Check 443 for $28.07. The bank deducted a $15.50 service charge. Demetrio's balance in his checkbook was $793.40. What was the checkbook balance after reconciliation?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Demetrio's bank statement showed a balance of $909.27. He had the following outstanding
checks: Check 440 for $12.95, Check 441 for $80.25, Check 442 for $10.10, and Check 443 for
$28.07. The bank deducted a $15.50 service charge. Demetrio's balance in his checkbook was
$793.40. What was the checkbook balance after reconciliation?
a. $808.90
b. $777.90
c. $778.00
d. $631.03
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