Question

Using the information given, select the correct ending balance.

Given: Previous Balance: $498.03
Total Deposits: $604.28
Total Withdrawals: $599.49
Service Charge: -0-
Find:
Ending Balance: $
$493.24
-$705.74
$502.82
$1,701.80

Answer 1

The ending balance is 502.82

Explanation:

498.03 + 604.28

= 1102. 31

Then we will subtract it by total withdrawals

1102.31 - 599.49

= 502. 82

Answer 2

Explanation:

Simple first we will add previous balance and total deposit

498.03 + 604.28

= 1102. 31

Then we will subtract it by total withdrawals

1102.31 - 599.49

= 502. 82

The ending balance is 502.82