Question

40 pts

Answer 1

Answer:200

Explanation:

Answer 2

Answer:

The current balance in Elizabeth Checking account is $200

Explanation:

A checking account can be referred to as a deposit account held at a financial institution that used for withdrawals and deposits. Also known as demand accounts or transactional accounts, checking accounts are very liquid and can be accessed using checks, automated teller machines, and electronic debits, among other methods

Elizabeth has an initial balance of $43. She received a paycheck of $216, making her current balance to be $259. She got a check of $50 from her parent, a current balance is now $309. She paid her cell phone bill with $45, a current balance reduces to $264. She paid her electric bill at $117, her current balance reduces to $147. She wrote a check for $110, her current balance reduces further to $37. She uses an ATM twice to withdraw a total of $40, she was charged $4 for the two ATM withdraws, and $35 for overdraft. Her current balance is now (37-40-4-35 = -$42. She received her next paycheck of $197, to increase her balance to $155. She had another $50 check from her parent, to bring her balance to $205. She will be Charge $5 by the bank for not meeting a minimum of $1,000 in her account.

Therefore the current balance in Elizabeth Checking account is $200