Question

Francine's register shows an automatic payment on 9/6 in the amount of $140.30, an ATM withdrawal on 9/8 in the amount of $120, and a deposit on 9/18 in the amount of $356.22. No other transactions were made. What should the balance be in Francine’s register?

a. −$38.22
b. $674.22
c. $954.82
d. $964.16

Answer 1

To find the balance in Francine’s register, we subtract the payments and withdrawals from the initial balance, then add the deposits. After calculating, the balance is $95.92, which does not match any of the provided options, suggesting an error in the question or options.

Step-by-step explanation:

The question is asking us to calculate the balance in Francine’s register given a series of transactions. To find the balance, we need to start with the initial balance (which is implied to be zero for this exercise), then subtract any payments or withdrawals and add any deposits.

Here are the transactions we have been given:

• An automatic payment on 9/6 for $140.30
• An ATM withdrawal on 9/8 for $120
• A deposit on 9/18 for $356.22

Starting with an initial balance of $0, we subtract the payment and withdrawal, and then add the deposit:

Balance after payment on 9/6: $0 - $140.30 = -$140.30
Balance after withdrawal on 9/8: -$140.30 - $120 = -$260.30
Balance after deposit on 9/18: -$260.30 + $356.22 = $95.92

Therefore, the balance in Francine’s register should be $95.92, which is not one of the options provided in the question, indicating a possible error in the question or the options given.