Question

Beginning Balance $1000

19-Jul ACH Outgoing Transfer $(730)
20-Jul Incoming App Transfer $1800
23-Jul ACH Incoming Transfer
$20
24-Jul E-bill Pay Utilities
$(100)
What is the ending
balance on this
account after
these transfers
are completed?

Answer 1

the ending balance after these transfers are completed is $1990.

Step-by-step explanation:

Beginning Balance: $1000

19-Jul ACH Outgoing Transfer: -$730

Balance after transaction: $1000 - $730 = $270

20-Jul Incoming App Transfer: +$1800

Balance after transaction: $270 + $1800 = $2070

23-Jul ACH Incoming Transfer: +$20

Balance after transaction: $2070 + $20 = $2090

24-Jul E-bill Pay Utilities: -$100

Balance after transaction: $2090 - $100 = $1990