On November 25th, Sherri Client's beginning checking balance is $100 and her account is credited for a deposit of $50. That same day, two checks are posted totaling $75.

Will an overdraft occur if Sherri's bank credits deposits before it posts checks? yes or no

Will an overdraft occur if Sherri's bank posts checks before it credits deposits? yes or no

Question

Mathematics

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1 August, 13:57

On November 25th, Sherri Client's beginning checking balance is $100 and her account is credited for a deposit of $50. That same day, two checks are posted totaling $75.

Will an overdraft occur if Sherri's bank credits deposits before it posts checks? yes or no

Will an overdraft occur if Sherri's bank posts checks before it credits deposits? yes or no

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Answers (1)

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Marc Brady · Answer 1

On November 25th,

beginning checking balance is $100

account credited for a deposit of $50.

Account has $150

That same day, two checks are posted totaling $75.

$150-$75 = $75

Will an overdraft occur if Sherri's bank credits deposits before it posts checks? no

Will an overdraft occur if Sherri's bank posts checks before it credits deposits? no