Question

Julie is balancing her checkbook. Her beginning balance is $325.46, her deposits add up to $285.38, and her withdrawals add up to $683.27.

Approximately how much is her ending balance?

Answer 1

To find Julie's ending balance, we need to subtract the total withdrawals from the sum of the beginning balance and deposits.

Step 1: Add the beginning balance and deposits together:

$325.46 + $285.38 = $610.84

Step 2: Subtract the total withdrawals from the sum above:

$610.84 - $683.27 = -$72.43

Based on the calculations, Julie's ending balance is -$72.43.

This means that Julie has overdrawn her account, as her withdrawals exceed the sum of her beginning balance and deposits.