Question

Carlita had -$15 in her checking account. She earned $87.99 from her job and decided to pay her phone bill for $47.82. After paying her phone bill, how much money is left in her account? Responses

Answer 1

Carlita has $25.17 in her checking account.

A deposit account held at a bank or other financial institution is known as a transaction account.

• It is also referred to at credit unions as a share draught account, checking account, chequing account, current account, and demand deposit account. It is accessible frequently and instantly to both the account holder and any other users they may name. The account owner can access it "on demand."
• It is possible to gain access using a variety of techniques, including cash withdrawals, debit card use, cheques, and electronic transfers.
• Economically speaking, the funds in a transaction account are regarded as liquid funds. They are treated as currency in the context of accounting.

The amount of money in her checking account = -$ 15

She earned $87.99

Now money in her checking account = -15+87.99 = $ 72.99

She paid her phone bill worth $47.82

money in her checking account = $ ( 72.99 - 47.82 ) = $25.17

Therefore she has $25.17 in her checking account.

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