Question

Adam has created a register for the bank account he opened on April 16th. Unfortunately, Adam has made a mistake and cannot figure out where he went wrong. Use the transaction descriptions below to determine where his error is.
The account was opened on April 16 with a tax refund check of $145.00.
Paid SellUPhone $65.34 on April 18. (Check 794)
Deposited a paycheck on April 23. ($9.76/hour for 35 hours)
Bought $61.32 (4% sales tax not included) in clothes from BargainsRUs on April 24 using a debit card.
Number Date Transaction Description Payment, Fee, Withdrawal (–) Deposit, Credit (+) Balance $
4/16 Open Account $145.00
794 4/18 SellUPhone 65.34 $79.66
4/23 Deposit 338.45 $418.11
4/24 BargainsRUs 63.77 $354.34



He completely forgot to include the clothes he bought from BargainsRUS.


He made an arithmetic error in the balance column.


He recorded one of his withdrawals in the deposit column.


He recorded his paycheck amount for April 23th incorrectly.

Answer 1

Answer:

D. He recorded his paycheck amount for April 23rd incorrectly. Yes, this was Adam's mistake. The correct amount should be 341.60 and not 338.45.

Step-by-step explanation:

1. Let's review the information given to us to help Adam to determine where his error is.

A. He completely forgot to include the clothes he bought from Bargains RUS. No, he didn't. It was recorded properly,  including the sales tax amount.

B. He made an arithmetic error in the balance column. No he didn't, the balance was calculated correctly after each transaction.

C. He recorded one of his withdrawals in the deposit column. No, he didn't. All of the withdrawals are in the right column.

D. He recorded his paycheck amount for April 23rd incorrectly. Yes, this was Adam's mistake. The correct amount should be 341.60 and not 338.45.