Question

The checkbook balance is $58,291.59. Determine the new balance based on the following transactions: Deposit: $45,327.90 Rent: $12,457.89 Refunds: $528.45 Supplies: $2,457.65 Payroll: $15,978.00

Answer 1

To determine the new balance, add the deposits and refunds, and subtract the rent, supplies, and payroll from the current balance of $58,291.59. The new balance is $73,254.40.

Step-by-step explanation:

To determine the new balance, we need to add the deposits and refunds, and subtract the rent, supplies, and payroll from the current balance.

Starting with the current balance of $58,291.59, we will perform the following calculations:

1. Add the deposit of $45,327.90: $58,291.59 + $45,327.90 = $103,619.49
2. Subtract the rent of $12,457.89: $103,619.49 - $12,457.89 = $91,161.60
3. Add the refunds of $528.45: $91,161.60 + $528.45 = $91,690.05
4. Subtract the supplies of $2,457.65: $91,690.05 - $2,457.65 = $89,232.40
5. Subtract the payroll of $15,978.00: $89,232.40 - $15,978.00 = $73,254.40

Therefore, the new balance is $73,254.40.