Question

You balancing you checking account for your small busines. You started the month with $3289.76 This moth, you made 5 deposits 1,345.10 ,1,321.03, 300 ,818.98 and 987.33 You wrote checks for 223.45. 52.78, 2,300 1,423, and 179.05 ? What is your balance?

Answer 1

The solution shall be derived by adding all deposits and subtracting all checks issued. Therefore we would have;

Your balance therefore is $3,883.92