The check for the amount $177.48 has not yet cleared.
What are checks?
A check is a verbally expressed, legally binding request for a bank to make a specific cash payment to a payee. Checks are written, dated, and signed.
How to solve the question?
In the question, we are informed that, Sigmund wrote four checks last month, and these were the only transactions for his checking account. According to his check register his balance is $887.79, but the bank statement he just received says his balance is $1065.27.
We are asked for the check for which account has not been cleared yet if the four checks were, $168.48, $168.93, $177.48, and $177.93.
Sigmund's expected balance is $887.79.
Sigmund's balance as per the bank statement is $1065.27.
The difference in the two balances is:
$1065.27 - $887.79
= $177.48.
Therefore, the mismatched balance is $177.48.
This signifies the amount of the uncleared check.
Thus, the check for the amount $177.48 has not yet cleared.
The question provided is incorrect. The correct question is:
"Sigmund wrote four checks last month, and these were the only transactions for his checking account. According to his check register, his balance is $887.79, but the bank statement he just received says his balance is $1065.27. If the four checks were for $168.48, $168.93, $177.48, and $177.93, the check for which amount has not yet cleared?"
Learn more about checks at
https://brainly.com/question/1873635
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