Answered

Westonci.ca is the premier destination for reliable answers to your questions, brought to you by a community of experts. Ask your questions and receive precise answers from experienced professionals across different disciplines. Connect with a community of professionals ready to provide precise solutions to your questions quickly and accurately.

Look at the table below showing an example of a checkbook ledger.

| Check Number | Date | Description | Amount Debited | Amount Credited | Balance |
|--------------|------|-------------|----------------|-----------------|---------|
| 57 | | ATM | [tex]$200 | $[/tex]6000 | [tex]$5100 |
| 262 | 37 | Grocery | $[/tex]50.50 | | [tex]$3050 |
| 58 | | Paycheck | | $[/tex]1200.00 | [tex]$1450 |

Adrienne has several receipts from recent transactions that she entered in her records. The receipts include:
- An ATM receipt for a $[/tex]60.00 withdrawal (plus a [tex]$2.00 transaction fee)
- A grocery store receipt for $[/tex]32.50
- A [tex]$1,200 paycheck deposit slip

When she finishes entering her transactions, Adrienne realizes that her balance is incorrect. Assuming that Adrienne's beginning account balance was $[/tex]320.00, why is her balance incorrect?

A. Adrienne forgot to include the [tex]$2.00 ATM transaction fee.
B. Adrienne did not use $[/tex]320.00 as her starting balance.
C. Adrienne deducted [tex]$23.50 from her balance instead of $[/tex]32.50.
D. Adrienne did not enter her ATM withdrawal correctly.

Sagot :

GinnyAnswer
To solve this problem and identify the reason for the discrepancy in Adrienne's balance, let's go through each transaction step-by-step and calculate the correct balance.

1. Starting balance:
Adrienne starts with a balance of \[tex]$320.00. 2. ATM transaction: Adrienne withdraws \$[/tex]60.00 and incurs a \[tex]$2.00 transaction fee. - New balance after ATM withdrawal is calculated as: \(\$[/tex]320.00 - \[tex]$60.00 - \$[/tex]2.00 = \[tex]$258.00\) 3. Grocery store transaction: Adrienne spends \$[/tex]32.50 at the grocery store.
- New balance after grocery transaction is calculated as: [tex]\(\$258.00 - \$32.50 = \$225.50\)[/tex]

4. Paycheck deposit:
Adrienne deposits \[tex]$1,200.00 from her paycheck. - New balance after paycheck deposit is calculated as: \(\$[/tex]225.50 + \[tex]$1,200.00 = \$[/tex]1,425.50\)

Based on these transactions, the correct final balance should be \[tex]$1,425.50. However, Adrienne realizes that her final balance is incorrect. Given the options: 1. Adrienne forgot to include the \$[/tex]2.00 ATM transaction fee.
2. Adrienne did not use \[tex]$320.00 as her starting balance. 3. Adrienne deducted \$[/tex]23.50 from her balance instead of \[tex]$32.50. 4. Adrienne did not enter her ATM withdrawal correctly. Let's check option 3 to see if there is a deduction mistake: If Adrienne deducted \$[/tex]23.50 instead of \[tex]$32.50 for the grocery transaction: - Balance after corrected grocery deduction would be: \(\$[/tex]258.00 - \[tex]$23.50 = \$[/tex]234.50\)
- New balance after paycheck deposit would be: [tex]\(\$234.50 + \$1,200.00 = \$1,434.50\)[/tex]

This means if Adrienne deducted \[tex]$23.50 instead of \$[/tex]32.50 for groceries, her final balance would be \[tex]$1,434.50 instead of \$[/tex]1,425.50.

Given the results:
- Correct final balance should be \[tex]$1,425.50. - Incorrect final balance due to deduction mistake would be \$[/tex]1,434.50.

The discrepancy in Adrienne's balance matches the scenario where she deducted \[tex]$23.50 instead of \$[/tex]32.50 from her balance for the grocery store transaction.

Therefore, the reason for Adrienne's balance being incorrect is:
Adrienne deducted \[tex]$23.50 from her balance instead of \$[/tex]32.50.
Thanks for using our platform. We aim to provide accurate and up-to-date answers to all your queries. Come back soon. We hope our answers were useful. Return anytime for more information and answers to any other questions you have. Thank you for visiting Westonci.ca. Stay informed by coming back for more detailed answers.