Question

You are the treasurer for a local charity. At the beginning of the month the balance was $820.64. The charity received donations of $500.00, $55.00 and $25.00. You have an electric bill of $40.64, bill for postage of $12.75, and rent for $445.00.

Answer 1

Beginning Balance:                  820.64
Add:
donations: 500 + 55 + 25          580.00
Deduct:
electric bill:  40.64
postage bill: 12.75
rental       : 445.00                 (498.39)
Ending Balance                     902.25

The balance at the end of the month is $902.25