Questions: Consider the following incomplete deposit slip:
Description
Amount
()
Cash, including coins 15075
Check 1 56481
Check 2 219243
Check 3 486401
Subtotal ???? ??
Less cash received d???? ??
Total 705050
How much cash did the person who filled out this deposit slip receive?
a. 849.25
b. 715.56
c. 7,621.53
d. 721.50
Transcript text: Consider the following incomplete deposit slip:
\begin{tabular}{|c|c|}
\hline Description & \[
\begin{array}{c}
\text { Amount } \\
(\$)
\end{array}
\] \\
\hline Cash, including coins & 15075 \\
\hline Check 1 & 56481 \\
\hline Check 2 & 219243 \\
\hline Check 3 & 486401 \\
\hline Subtotal & ???? ?? \\
\hline Less cash received & d???? ?? \\
\hline Total & 705050 \\
\hline & \\
\hline
\end{tabular}
How much cash did the person who filled out this deposit slip receive?
a. $\$ 849.25$
b. $\$ 715.56$
c. $\$ 7,621.53$
d. $\$ 721.50$
Solution
Solution Steps
To find out how much cash the person received, we need to calculate the subtotal by adding up all the amounts listed (cash and checks). Then, we subtract the total from the subtotal to find the amount of cash received.
Step 1: Calculate the Subtotal
To find the subtotal, we sum the amounts of cash and checks: