Question

Maggie has $180 in her checking account. She withdraws $12, makes a deposit of $49, and then writes a check for $59. What is the balance of her account?

Answer 1

158

Explanation:

180 minus 12 = 168 plus 49 = 217 minus 59 = 158

Answer 2

$158

Explanation:

The transaction which debits (adds) Maggie's account:

• depositing $49

The transactions which credit (subtracts) Maggie's account:

• withdrawing $12
• writing a check for $59

A debit increases the amount in Maggie's checking account while a credit decreases the amount in her account.

Therefore: $180 + $49 = $229

$229 - ($12+$59) = $229 - $71 = $158

After all the transactions, the total amount in Maggie's checking account is equivalent to $158.