Chapter 4 Formulas

Question 1

How do you find the Total Deposit?

Answer 1

(Currency + Coins + Checks) - Cash Received

Question 2

How do you find the New Balance?

Answer 2

Previous Balance - Check Amount - Automatic Transfers
OR
Previous Balance + Deposit Amount

Question 3

How do you find the Present Balance?

Answer 3

Previous Balance + Deposits - Withdrawals - Service - Service Charges + Interest

Question 4

How do you find the Adjusted Balance?

Answer 4

Statement Balance - Outstanding Checks/Payments or Debits + Outstanding Deposits

Question 5

How do you find the Total Fees?

Answer 5

Basic Charge + Bill Payments + Statement + ATM Surcharge + Cash Advance Fee