Question

On September 17, 2012, Emily had $1,253.30 in her checking account.

On the 19th Emily spent $50.00 at the Great Grocery Store and wrote a check (#100) for the total.
On 9/21/2012, Emily’s employer deposited Emily’ paycheck of $800.15.
On 9/22/2012 she paid her $123.00 electric bill online.
On 9/23/2012 Emily wrote a check in the amount of $50.12 to her gardener.
On 9/24/2012, she made a deposit of $20.00 to her account.

What is the balance of her account after the deposit?

Answer 1

After accounting for all transactions between September 17 and September 24, 2012, Emily's account balance is $1,850.33.

Step-by-step explanation:

To calculate Emily's account balance after the deposit on September 24, 2012, we will start with her initial balance and account for each transaction.

Initial balance (September 17, 2012): $1,253.30

• September 19, 2012: Spent $50.00 at Great Grocery Store
• September 21, 2012: Paycheck deposit of $800.15
• September 22, 2012: Paid $123.00 electric bill online
• September 23, 2012: Wrote check for $50.12 to the gardener
• September 24, 2012: Made a deposit of $20.00

Now, we calculate the running balance.

1. $1,253.30 - $50.00 = $1,203.30
2. $1,203.30 + $800.15 = $2,003.45
3. $2,003.45 - $123.00 = $1,880.45
4. $1,880.45 - $50.12 = $1,830.33
5. $1,830.33 + $20.00 = $1,850.33

After the final deposit on September 24, Emily's account balance is $1,850.33.