1. What is the lowest balance during this period?
2. Lily just received her bank statement below.
a. What does the bank think her ending balance is?
b. How much more does the bank think Lily has?
c. What transactions are missing?
3. What is the danger of not balancing your bank account?
Lily’s Bank Statement
Deposits:
2/25 $35
2/26 $20
3/1 $256.32
checks:
2/24 ck #301 $25
2/26 #302 $150
debit card:
2/24 american eagle $75.48
2/25 Chick Fa La $4.67
2/27 McDonalds $3.56
2/28 Chevron $34.76
withdrawal:
2/27 $40
Beginning Balance $423.34
Deposits $311.32
Total Debits $333.47
Ending Balance $401.19
