Question

Neeed helppp

Ming made a car insurance payment of $122.50. He’ll use the check register to record his transaction. What will be his new balance?

Answer 1

$802.10
-$122.50
_______

$679.60

Answer 2

$679.6

Step-by-step explanation:

962.25

(17)

(143.15)

(122.5)

$679.6

A check register a book keeping tool just like cash disbursement journal used in recording and keeping a track of the flow of payments.It records all form of payment like check payment , ATM / cash , debit /credit card and online payment.

It consists date check number , payee and the amount paid.

The accumulated payment value is offset against the opening balance or float and the balance is closely monitored for adequate reimbursement when exhausted.