When you last balanced your checkbook, you had $463.76. You then wrote checks for $12.56, $52.11 and $26.03. You deposited $101.32 and $10.98. Your bank says your balance is $485.36, but your checkbook says $511.39. What, if anything, did you do wrong in tracking your checking account?

Question

Mathematics

Makai Durham

13 May, 17:34

When you last balanced your checkbook, you had $463.76. You then wrote checks for $12.56, $52.11 and $26.03. You deposited $101.32 and $10.98. Your bank says your balance is $485.36, but your checkbook says $511.39. What, if anything, did you do wrong in tracking your checking account?

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Answers (1)

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Monica Best · Answer 1

Add your checks: 12.56 + 52.11 + 26.03 = 90.70

Subtract that from starting balance:

463.76 - 90.70 = 373.06

Add the deposits:

373.06 + 101.32 + 10.98 = 485.36

Your balance is correct.

Subtract your balance from the bank balance:

511.39 - 485.36 = 26.03

The difference is the amount of one of the checks you wrote, which means that check has not been cashed yet.

You did not do anything wrong.