Sure, let's go through the transactions step-by-step to determine the new balance. The table provides information on the beginning balance, a debit, and a deposit.
1. Beginning Balance:
- The initial balance is \[tex]$418.95.
2. Water Bill (Debit):
- On 5/12, a payment for the water bill is made, which is a debit (withdrawal) of \$[/tex]28.94.
- To find the balance after this debit, we subtract the debit amount from the beginning balance:
[tex]\[
418.95 - 28.94 = 390.01
\][/tex]
3. Cash Gift (Deposit):
- On 5/14, a cash gift is received, which is a deposit of \[tex]$25.00.
- To find the new balance after this deposit, we add the deposit amount to the balance after the debit:
\[
390.01 + 25.00 = 415.01
\]
So the new balance, after considering the debit for the water bill and the deposit from the cash gift, is \$[/tex]415.01.
