Question

At the end of the week, jason received a paycheck for $534.59. he recorded all of these transactions in his check register. trans typ./ check no. date description of transaction payment/ debit (-) deposit/ credit ( ) balance 900 00 241 12/4 miller's food market 53.21 53 21 groceries 846 79 242 12/7 frank's auto parts 24.05 24 05 oil and filter 822 74 243 12/8 mike's barber shop 15.00 15 00 haircut 807 74 deposit 12/9 paycheck 534.59 534 59 1,342 33 evaluate jason's check register.

Answer 1

After evaluating Jason's check register, the transactions posted are accurate and the ending balance of $1,342.33 is correct based on the listed transactions.

Step-by-step explanation:

The given problem requires us to evaluate Jason's check register and ensure the listed transactions are accurately recorded. Jason starts with an initial balance of $900.00. A series of payments are made: $53.21 to Miller's Food Market, $24.05 to Frank's Auto Parts, and $15.00 to Mike's Barber Shop, which brings his balance down to $807.74. Afterwards, there is a deposit of $534.59 representing Jason's paycheck, which increases the balance to $1,342.33.

Transaction Evaluation

Initial Balance: $900.00

Payment to Miller's Food Market: -$53.21

Payment to Frank's Auto Parts: -$24.05

Payment to Mike's Barber Shop: -$15.00

Deposit of Paycheck: +$534.59

Final Balance: $1,342.33

Each transaction is subtracted from or added to the balance correctly, and the final balance matches the last entry in the check register.