Question

Directions: You have a beginning balance of $200.00. You purchase groceries at Albertson's on November 13, 2004 $42.63. Next, you receive a check on November 14, 2004 or $20.45 and deposit it into your account. Finally, you write another check to Mervyns on November 15, 2004 for the shirt you buy that costs *35.10. Please fill out the checks and the deposit slip completely, and record the information into the check register to indicate your remaining balance.​

Answer 1

The computation shows that the ending balance based on the fact that a beginning balance of $200.00 was given will be $142.72

How to illustrate the deposit?

Beginning balance = $200

Less: Debit Purchase of groceries = $42.63

Add: Credit Check $20.45

Less: Check $35.10

Closing balance = $142.72

Therefore, the closing balance is $142.72.

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