Question

Ranjit has $220.35 in his account before making any transactions. Over the course of the week, Ranjit makes the transactions shown. At the end of the week, how much is in Ranjit's account?

Answer 1

Hello

To know the balance on his account, we would subtract his debit entry from his credit entry.

Total debit is

`22.36+24.50+72.83=119.69`

Total Credit entry is

`145.98+30.00=175.98`

the balance on his account is

Total credit - total debit

`175.98-119.69=56.29`

From the calculations above, the balance on his account is $56.29