Chapter 4 Formulas Flashcards
1
Q
How do you find the Total Deposit?
A
(Currency + Coins + Checks) - Cash Received
2
Q
How do you find the New Balance?
A
Previous Balance - Check Amount - Automatic Transfers
OR
Previous Balance + Deposit Amount
3
Q
How do you find the Present Balance?
A
Previous Balance + Deposits - Withdrawals - Service - Service Charges + Interest
4
Q
How do you find the Adjusted Balance?
A
Statement Balance - Outstanding Checks/Payments or Debits + Outstanding Deposits
5
Q
How do you find the Total Fees?
A
Basic Charge + Bill Payments + Statement + ATM Surcharge + Cash Advance Fee