Question

Susan Pinsky's checking account had a balance of $137.66. She wrote a check for $23.62 on September 3. On September 7, the bank made an automatic transfer (AT) of $25.41 to pay her phone bill. She made a deposit of $146.24 on September 12. What is the new balance Pinsky's account?

Answer 1

$234.87

Step-by-step explanation:

Pinky's new balance will be the opening balance plus additional. Deposits minus withdrawals. The new balance will be the starting balance plus cash-in minus the cash-out.

Starting balance =$137.66

Cash-in: $146.24

Cash-out : check $23.62 + (AT) of $25.41 =$49.03

New balance = $137.66 + $146.24 - $49.03

=$283.9- 49.03

=$234.8