Question

Luis has an account at GESA Credit Union. He had a balance of $500.00 starting January 15th. He made deposits of $100, $250, and $300. He also made withdrawals of $400.32, $100, $55.55, and $62.62. What would be his ending balance after all the transactions?

SHOW THE WORK PLEASE ​

Answer 1

the ending balance is $531.51

Explanation:

The computation of the ending balance is shown below:

= Opening balance + all deposits - all withdrawls

= $500 + $100 + $250 + $300 - $400.32 - $100 - $55.55 - $62.62

= $531.51

hence, the ending balance is $531.51