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your bank statement shows a balance of $695. your checkbook register shows a balance of $562. you earned interest of $3 and had a service charge of $5. there are no outstanding deposits. what is the amount of outstanding checks

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abiolataiwo2015

The  amount of outstanding checks assuming there are no deposits in transit is $133.

Outstanding checks

Using this formula

Outstanding checks=Bank statement  balance-Checkbook register balance

Where:

Bank statement  balance=$695

Checkbook register balance=$562

Let plug in the formula

Outstanding checks=$695-$562

Outstanding checks=$133

Inconclusion The  amount of outstanding checks assuming there are no deposits in transit is $133.

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