Answered

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1) Find the ending balance after these transactions: Transactions: A. Your
balance on 1/5 is $822.67. B. You deposit a paycheck for $227.45 on January
6. C. You write check 1076 on January 11 for $600.00 to Excel Health Club.
D. You deposit a $50 rebate check on January 15. E. On January 16, you
begin writing a donation check to Clothes for Kids but make an error and
have to void the check. You write the very next check for $100 to this
organization. F. On January 20, you withdraw $200 from the ATM at the
mall. The company owning the ATM charges you $3.50 and your bank
charges you $2.50 for the ATM transaction. G. On January 21, you made a
debit card purchase at Stacy's Store for $134.87.*

Sagot :

adioabiola

The ending balance after the transactions is; $59.25

How to determine ending balance

To determine the ending balance after a number of transactions;

  • Let money inflow and balance be represented as positive.
  • Let money outflow be represented as negative.

Therefore; Since starting balance is; $822.67; we have;

  • $822.67 + $227.45 - $600.00 + $50 - $100 - $200 - $3.50 - $2.50 - $134.87.

The ending balance on the account is therefore; $59.25

Read more on ending balance:

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