Question

For a two week period, John and Amanda had the following transactions occur to their checking account: a deposit of $1,644.50; checks written for $190, $45, and $7.50; and debit card transactions for $30, $5.59, $7.20, and $21.30. What is the ending balance for this time frame?

Answer 1

deposit of $1644.50 is (gain)

check written and deposit are (loses) subtracted

so total of 3 checks :- 190$ + 45$ + 7.50$ = 242.50$

total of 4 debit cards :- 30$ + 5.59$ + 7.20$ + 21.30$ = 64.09$

total lose amount ( credits + debits ) = 242.50 $ + 64.09$ = 306.59$

Ending balance = Total amount - total loses =

1644.50$ - 306.59 $ = 1337.91$