Question

On August 1, Ira's bank balance was $300. During the month, he wrote checks for $450.00 and $115.25 and made one deposit of $225.00. Which of the following best represents her checking account balance at the end of the month? A) -$490.25 B) -$65.00 C) -$40.25 D) $ 1090.25

Answer 1

 At the end of the month, Ira's balance would be C) -$40.25.

  His starting balance is $300. But since he withdraw $565.25 ($450.00 + $115.25) and made a $225.00 deposit, 300 - 565.25 + 225 = -40.25.