Answer:
To find the new balance, we'll start with the initial balance on May 20 and then perform the transactions in chronological order.
Explanation:
Initial balance on May 20: $189.75
Deposit on May 22: +$112.45
To calculate the balance after the deposit, we add the deposit amount to the initial balance:
New balance after deposit = $189.75 + $112.45 = $302.20
Check written on May 29: -$75.68
To calculate the balance after writing the check, we subtract the check amount from the previous balance:
New balance after check = $302.20 - $75.68 = $226.52
ATM withdrawal on June 1: -$50.00
To calculate the final balance after the ATM withdrawal, we subtract the withdrawal amount from the previous balance:
Final balance after ATM withdrawal = $226.52 - $50.00 = $176.52
Therefore, the new balance after all the transactions is $176.52.