Question

1. This bank statement is most likely for what kind of account? Provide at least two pieces of evidence from the statement that explain why. (2 points)
2. Which transaction on the bank statement is most likely a paycheck? How do you know? (1 point)

3. The owner of the account wants to buy a $750 refrigerator. Explain why this would be a poor decision right now, based solely on information shown on the bank statement. (1 point)

4. The owner of the account may have already overdrawn. what evidence from the statement indicates that this may be the case? (1 point)​

Answer 1

The bank statement is for a current account. The evidence to show that's it's a current account include:

• The check deposit
• The pending of some checks deposited and check#509 withdrawn.

The transaction on the bank statement that is most likely a paycheck is the automatic deposit of $2055.

The owner of the account cannot buy the $750 refrigerator because he has a balance of $240.

The from the statement indicates that the owner of the account may have already overdrawn is because the total withdrawals are -$330.57.

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