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on october 31, your company's records say that the company has $18,282.83 in its checking account. a review of the bank statement shows you have three outstanding checks totaling $7,151.89, and the bank has paid you interest of $19.09 and charged you $15.00 in service charges. the bank statement dated october 31, would report a balance of: (round your answer to 2 decimal places.)



Answer :

According to the bank statement from October 31st, there is a balance of $11,135.03.

Describe a bank statement.

The transactions for a bank account over a specific time period, typically monthly, are listed in a bank statement. The statement provides the beginning and ending balances for the period along with deposits, charges, and withdrawals.

A bank statement, also known as an account statement, is a record that summarizes all of an account's transactions for a given month and is normally issued by the bank to the account holder each month.

The calculation of the bank statement's amount as of October 31, is:

Ending balance                        $18,282.83

Less: Outstanding cheques   -$7,151.89

Add: Interest received             $19.09

Less: Service charged            -$15

Reported balance                    $11,135.03

To get the stated total, we simply added the remaining goods to the ending balance after subtracting the outstanding cheques and service fees.

Learn more about bank statement: https://brainly.com/question/24007779

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