Question

For a two week period, John and Amanda had the following transactions occur to their checking account: a deposit of $1,644.50; checks written for $190, $45, and $7.50; and debit card transactions for $30, $5.59, $7.20, and $21.30. What is the ending balance for this time frame?
A. $1,377.91
B. $1,234.56
C. $1,352.24
D. $1,466.09

Answer 1

So we want to know what is the ending ballance if the starting value on the account was the deposit of 1644.5$ and debit card transactions were: 30$ + 5.59$ + 7.2$ + 21.3$= 64.09$ and checks: 190$ + 45$ + 7.5$= 242.5$. When we take those values from the initial value: 1644.5$-242.5$-64.09$= 1377.91$. And the correct answer is A.