If Jimmy wants to keep track of his checkbook balance he should pay attention to three things:
First, when Jimmy make deposits, he should add the amount of the deposits from the amount he has in the bank.
Second, when Jimmy write checks, he should <span>deduct the amount of the checks from the amount he has in the bank.
And third, he should also deduct any bank charges </span>from the amount he has in the bank.
From the question we know that Jimmy <span>made deposits of $20, $80, and $165, so he should add those amounts to the money he has in the bank:
</span>
We also know that he <span>wrote checks for $216.58, so he should subtract the amount from the balance:
</span>
<span>Last but not least, the bank charged Jimmy $3.50, so we should subtract that amount from the balance too:
</span>
<span>
Notice that you can also add/subtract all the deposits, checks, and bank charges all at once:
</span>
<span>
Either way we can conclude that</span><span> his ending balance for the month was
$502.48; therefore,
d is the correct answer.</span>