Question

Chelsea has a beginning balance of $715 in her checking account. She writes two checks for $320 and $640. She has a deposit of $400 and an overdraft fee of $29. What is her new balance?

$126

$2104

$1094

$184

Answer 1

715 + 400 - (320 + 640 + 29) = 1115 - 989 = 126

Answer 2

$715.00 - $320.00 = $395.00
$395.00 - $640. = $245.00 negative balance, the amount now short.
$245.00 + 400.00 = $155.00 positive balance after deposit
$155.00 - $29.00 = $126.00
Chelsea now has $126.00 in the bank. This is her new balance.