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Mia's bank statement shows a closing balance of $75.65. There are no outstanding checks or deposits. Her checkbook shows a balance of $77.95. What might account for the different balances?

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pbjam123
Monthly service fee of $2.30
saadhussain514

Answer choices are:


A. Interest earned in the amount of $1.35

B. Monthly service fee $2.30

C. Transposing of numbers

D. None of the above


Correct answer choice is:


B. Monthly service fee $2.30


Explanation:

Given data:


Closing balance = $75.65


Checkbook balance = $77.95


The difference in balances = Checkbook balance - Closing balance


The difference in balances = $77.95 - $75.65


The difference in balances = $2.30

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