Question

Marie Hernandez’s checking account balance is $250.65. She then writes check #346 on July 14 in the amount of $21.95 for a bathing suit. On July 16 she writes check #347 for $48.50 to cover her bus fare. Check #348 to the Sunset Motel is for $75.60. She deposits $55.00 on July 18 when she returns from her weekend vacation. Use the figure below to list all transactions and calculate Marie’s new balance.

Answer 1

Answer: $159.60

Explanation:

From Account Bal = $250. 65

Date Check number Dr Cr

Acc Bal 250.65

July 14 #346 21.95

July 16 #347 48.50

#348 75.60 104.60

July 18 55.00

Total 159.60

Marie's new balance will be calculated as amount spent from July 14th to 16th ($21.95 + $48.50 + $75.60) - account balance ($250.65) = $104.60, then we add the deposit of $55.00 credited on the July 18th, which makes a new balance of $159.60.

I hope this is clear.