Question

Cindy's beginning balance in her checkbook was $463.18. She madedeposits of $265, wrote checks for $198.73, and had to pay a bankcharge of $2.50. What was her ending balance for the month?a. $519.27b. $526.95c. $381.73d. $911.73

Answer 1

Given,

The initial balance in the checkbook is $463.18.

The deposite money is $265.

The amount of check is $198.73.

The charge paid for bank is $2.50.

The ending balance at the month end is,

`\begin{gathered} \text{Ending balance=}463.18+265-198.73-2.50 \\ =526.95 \end{gathered}`

Hence, option b ($526.95) is correct.