Question

Ishmael made a mistake in his checkbook. He wrote a check for $89.80 for his Verizon bill but mistakenly recorded it in his checkbook as an $89.80 deposit. A) Represent each transaction with a rational number. B) Explain the difference between the transactions.

Answer 1

Answer:

A) A check for $89.80 for Verizon bill = -89.8

A deposit of $89.80 = +89.8

B) The difference between the two is that,

For the check, money is taken or removed from the account to pay for a bill while

For the deposit, money is added to the account.

Step-by-step explanation:

Ishmael made a mistake in his checkbook. He wrote a check for $89.80 for his Verizon bill but mistakenly recorded it in his checkbook as an $89.80 deposit.

A) Represent each transaction with a rational number

A check for $89.80 for Verizon bill = -89.8

A deposit of $89.80 = +89.8

B) Explain the difference between the transactions.

For the first transaction which is a check for his Verizon bill, using a check on your account means Ishmael wants to withdraw money from his account to pay for the bill. The money in his account will be $89.8 lesser than the initial amount there.

For the second transaction which recording in his checkbook a deposit of $89.80 means $89.80 was added to an account.