Question

Jucinda has $423 in her checking account according to the bank. However, she has written checks for $21.24 and $38.12 that have not cleared the bank. How much does she have available in her checking account to spend?

Answer 1

Jucinda has $363.64 available to spend in her checking account, which is calculated by subtracting the total amount of the checks ($59.36) that have not cleared from her current balance of $423.

Step-by-step explanation:

To calculate how much Jucinda has available to spend, we must consider the amount that she has in her account and subtract the checks that are yet to clear. According to the bank, she has $423 in her checking account. She has written two checks, one for $21.24 and another for $38.12. To find the available amount, we subtract the sum of these checks from the current balance.

Available Balance = Total Balance - (Check 1 + Check 2)

Available Balance = $423 - ($21.24 + $38.12)

First, add the amounts of the checks:

$21.24 + $38.12 = $59.36

Next, subtract this total from the balance:

$423 - $59.36 = $363.64

Therefore, Jucinda has $363.64 available to spend in her checking account after accounting for the checks that have not cleared the bank.