Question

What is your new checkbook balance after these transactions?

Old balance: $564.73
Check 479 to Marshall Jewelers for $26.25
Check 480 to Downtown Apartments for $325.00
Deposit $288.92
Check 481 to Toys for Kids for $81.74
Check 482 to Dr. Dennis Cook for $45.00

a) $775.66
b) $707.86
c) $706.86
d) $775.76

Answer 1

The correct new checkbook balance after the listed transactions is $375.66. Since this answer does not match any of the options provided, there may be an error in the options or the question itself.

Step-by-step explanation:

To determine the new checkbook balance after the listed transactions, you have to subtract the total amount of the checks from the old balance and then add the deposit. Here's how:

• Start with the old balance: $564.73
• Subtract Check 479: $564.73 - $26.25 = $538.48
• Subtract Check 480: $538.48 - $325.00 = $213.48
• Add Deposit: $213.48 + $288.92 = $502.40
• Subtract Check 481: $502.40 - $81.74 = $420.66
• Subtract Check 482: $420.66 - $45.00 = $375.66

The new checkbook balance after these transactions is $375.66, which is not listed in the provided options. Therefore, there is a potential mistake in the available choices or the question.