Question

The balance in your checkbook is -$20. If you make a deposit of $47, and then write a check for $50, what is the new balance?The new balance is $ ?

Answer 1

Step 1:

Balance in -$20

Deposit amount = $47

Step 2

Add the deposit to the balance

= -20 + 47

= $27

Step 3

When you write a check, you will subtract the amount from the balance.

Therefore

New balance = $27 - $50

= -$23

Final answer

New balance = -$23