Question

The beginning balance on the monthly bank statement for Ignatius's checking account was $124.82, and the ending balance was $659.27. What can be said about Ignatius's transactions for the month?

Answer 1

Answer:

Ignatius had $534.45 more in credits than in debits. Since Ignatius had an initial balance of $124.82 at the beginning of the month and ended the month with $659.27 he was up money versus what he had in his account at the beginning of the month. During the month Ignatius made money that was credited to his account so that he ended it with a higher balance.  

Explanation:

Answer 2

Ignatius hd $534.45 more in credits than in debits. Since Ignatius had an initial balance of $124.82 at the beginning of the month and ended the month with $659.27 he was up money versus what he had in his account at the beginning of the month. During the month Ignatius made money that was credited to his account so that he ended it with a higher balance.