Question

The beginning balance on the monthly bank statement for Sierra's checking

account was $402.22, and the ending balance was $231.75. What can be said
about Sierra's transactions for the month?
O
A. She had $170.47 more in debits than in credits.
O
B. She had $633.97 more in credits than in debits.
O
C. She had $170.47 more in credits than in debits.
O
D. She had $633.97 more in debits than in credits.

Answer 1

A. She had $170.47 more in debits than in credits.

Explanation:

In a bank account, when money is deposited, the bank credits the bank accounts while a withdrawal is debited to the account hence, if the monthly bank statement for Sierra's checking account was $402.22, and the ending balance was $231.75, the change in the account is

= $402.22 - $231.75

= $170.47

Since there was a drop in the balance comparing the beginning and ending balances, it means there were more withdrawals than deposits (in amount).