Question

Alice had an ending balance of $546.78, outstanding deposits totaling $412.39, and outstanding checks totaling $872.63. How much additional money does she need in her account to pay the telephone bill, which is $148.19?

Answer 1

$61.65

Explanation:

Ending Balance = $ 546.78

Outstanding Deposit = $412.39

After the deposits the new balance =$ 546.78+$412.39

=$959.17

Now There are outstanding checks of amount $872.63

So, after the clearance of outstanding checks .

The new balance = $959.17-$872.63

=$86.54

Now She need to pay a telephone bill of amount $148.19

So, she need additional money in her account to pay the telephone bill:

=$148.19-$86.54

=$61.65

Hence she need $61.65 in her account to pay the telephone bill.

Answer 2

The ending balance and outstanding checks are both negative in the book of accounting. The positive item she had is only the outstanding deposits. We let x be he amount she will need in order to pay for her telephone bill and that,
148.1 = x + 412.39 - (546.78 + 872.63)
From the equation above, the value of x is 1155.12. Thus, she needs an additional amount of approximately $1155.12 to pay for her telephone bill.