Question

You are balancing your checkbook which begins the day with a balance of $ 345.

You wrote a check for your internet service of $ 94, then you used your debit card at the grocery score
where you paid $ 59 for food, and then you transferred $ 84 to pay your credit card payment. Finally, you
electronically deposited a $ 327 check you had from work.
What is your new checking account balance?
Your new checking balance is: $

Answer 1

After subtracting payments and adding deposits to the initial balance, the new checking account balance would be $435.

Step-by-step explanation:

To find the new checking account balance, you must subtract the amounts of the checks and debit card purchases from the starting balance, and then add any deposits. Here is a step-by-step calculation:

1. Start with the initial balance: $345
2. Subtract the internet service check of $94: $345 - $94 = $251
3. Subtract the grocery store purchase of $59: $251 - $59 = $192
4. Subtract the credit card payment transfer of $84: $192 - $84 = $108
5. Add the electronic deposit from work of $327: $108 + $327 = $435

After these transactions, the new checking account balance would be $435.