Question

The beginning balance on the monthly bank statement for Charmaine’s checking account was $603.84, and the ending balance $264.98. What can be said about Charmaine’s transactions for the month?

A. She had $338.86 more in debits than in credits.

B. She had $868.82 more in credits than in debits.

C. She had $338.86 more in credits than in debits.

D. She had $868.82 more in debits than in credits.

Answer 1

She had $338.86 more in debits than in credits.

Explanation:

Given : Charmaine’s checking account was $603.84, and the ending balance $264.98.

To Find: What can be said about Charmaine’s transactions for the month?

Solution:

Initial Balance of account =$603.84

Ending Balance= $264.98

Since the Ending Balance is less than the Initial Balance. So, there is a debit case

Total Amount debited = $603.84-$264.98

=$338.86

So, option A is correct.

She had $338.86 more in debits than in credits.