George tallies up the transactions in his check register and comes up with a total balance of $221.57, but his bank statement says that his balance is $203.73. which of the following are still outstanding? i. a $20.25 check to the florist ii. a $14.29 check to the dry cleaners iii. a $38.09 check deposit iv. a $19.05 money order deposit a. i and iii b. i and iv c. ii and iii d. ii and iv select the best answer from the choices provided a b c d

The answer is: A) I and III

Explanation:

George's bank statement balance is just $203.73, so some transactions are missing.

We must first find the difference between what George believes his balance should be and what the bank tells him: $221.57 - $203.73 = $17.84

There are three transactions that were possibly not recorded:

         I) check to the florist (-$20.25)

         II) check to dry cleaner (-$14.29)

         III) deposit in transit (+$38.09)

Combination of I + III = $17.84

Combination of II + III = $23.80