On Novenber 4, your bank statement shows a balance of $2,253.18. Your checkbook shows a balance of $2,324.34. If there are outstanding checks in the amounts of $105.50 and $158.10, deposits in transit amount to $605.27, account earnings of $68.51 and there is a service charge of $5.00. Determine the Adjusted Checkbook Balance and the Adjusted Statement Balance.

The final answer is "$2387.85 and $2594.85".

Step-by-step explanation:

Given values:

The bank statement balance= $2,253.18

The checkbook balance = $2,324.34

outstanding check amounts= $105.50 and $158.10

transit amount= $605.27

account earnin(credits)= $68.51

service charge= $5.00

Adjusted Checkbook Balance =?

Adjusted  Statement Balance=?

Adjusted the Checkbook Balance:

checkbook balance = $2,324.34

Adjusted the Statement Balance:

bank statement balance= $2,253.18

66.666666667%

step-by-step explanation:

divide 150 by 100

divide 100 by 1.5

there you go!

decreased by 33.333333334%