Ask Question
31 October, 13:31

Lyle deposited a check for $75.26. He'll use the check register to record his transaction. What will be his new balance? $821.00 $896.44 $938.00 $979.56

+4
Answers (2)
  1. 31 October, 13:34
    0
    No change in balance.

    Explanation:

    The matter should be considered in the context of accounting and bank separately.

    Accounting Context

    As mentioned in the question, the transaction is recorded by using check register i. e. the receipts of money is recorded in the accounts when checks are received. Hence, On deposit of check into the bank account will have no impact on the accounting records as the same has already been recorded in the accounts.

    Bank Context

    With regard to the bank balance as reflected in bank statements (bank's records), the bank balance will be increased by the amount of the check i. e. $ 75.26.
  2. 31 October, 13:37
    0
    I believe the answer is $896.44
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Lyle deposited a check for $75.26. He'll use the check register to record his transaction. What will be his new balance? $821.00 $896.44 ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers