Question

The starting balance of Henry's checking account was $200 on Monday.He deposited $175 into his account on Tuesday (money that he receivedfor his birthday). On both Wednesday and Thursday, he spent $15 eachday on lunch. On Friday he lent his brother $85. What was Henry'sbalance on Saturday?

Answer 1

The sets of figures shown are debits and credits into Henry's account. The Credit entry means money has been added (+) and the debit entry means money had been deducted (-).

This is shown as follows;

Opening balance - 200

Deposits - 175

Lunch expense - 15

Lunch expense - 15

Loan to brother - 85

`\begin{gathered} \text{Bal}=200+175-15-15-85 \\ \text{Bal}=375-115 \\ \text{Bal}=260 \end{gathered}`

Therefore, Henry's balance on saturday was $260