Questions: Consider the following incomplete deposit slip: Description Amount () ------ Cash, including coins 15 00 Check 1 62 44 Check 2 27 83 Check 3 45 75 Subtotal ?? ?? Less cash received ?? ?? Total 62 23 How much cash did the person who filled out this deposit slip receive? a. 381.23 b. 451.02 c. 88.79 d. 436.02

Consider the following incomplete deposit slip:
Description Amount ()
------
Cash, including coins 15 00
Check 1 62 44
Check 2 27 83
Check 3 45 75
Subtotal ?? ??
Less cash received ?? ??
Total 62 23

How much cash did the person who filled out this deposit slip receive?
a. 381.23
b. 451.02
c. 88.79
d. 436.02

Transcript text: Consider the following incomplete deposit slip: \begin{tabular}{|c|c|c|} \hline Description & \begin{tabular}{c} Amount \\ (\$) \end{tabular} \\ \hline \begin{tabular}{c} Cash, including \\ coins \end{tabular} & 15 & 00 \\ \hline Check 1 & 62 & 44 \\ \hline Check 2 & 27 & 83 \\ \hline Check 3 & 45 & 75 \\ \hline Subtotal & ?? & ?? \\ \hline \begin{tabular}{c} Less cash \\ received \end{tabular} & ?? & ?? \\ \hline Total & 62 & 23 \\ \hline & & \\ \hline \end{tabular} How much cash did the person who filled out this deposit slip receive? a. $\$ 381.23$ b. $\$ 451.02$ c. $\$ 88.79$ d. $\$ 436.02$

Solution

Solution Steps

To determine how much cash the person received, we need to first calculate the subtotal by summing up the cash and checks. Then, we subtract the total from the subtotal to find the cash received.

Step 1: Calculate the Subtotal

The subtotal is calculated by summing the cash and the amounts of the checks:

\[ \text{subtotal} = \text{cash} + \text{check 1} + \text{check 2} + \text{check 3} \]

Substituting the values:

\[ \text{subtotal} = 15.00 + 62.44 + 27.83 + 45.75 = 151.02 \]

Step 2: Calculate Cash Received

To find the cash received, we subtract the total from the subtotal:

\[ \text{cash received} = \text{subtotal} - \text{total} \]

Substituting the values:

\[ \text{cash received} = 151.02 - 62.23 = 88.79 \]