If your ending balance is $159.57, you can then add in the outstanding deposits of $147.96 to get the total of $307.53. Then from that total, subtract the outstanding checks that total $223.85 which gives you the checkbook balance of $83.68.
Answer:
$235.46
Explanation:
The checkbook balance net the consideration of the outstanding items results in the ending balance.
A review of the outstanding items and their treatments;
outstanding checks of $223.85 - This has been issued out and as such will be deducted from the opening balance.
outstanding deposits of $147.96 - This is an inflow and as such will be added to the checkbook balance.
Let the checkbook balance be d
then,
d - $223.85 + $147.96 = $159.57
d = $159.57 + $223.85 - $147.96
d = $235.46
The checkbook balance is $235.46 .
