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?

Question

28-10-2022
Mathematics

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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?

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CrissM716538 CrissM716538 · Answer 1 · 2022-10-28T21:23:15+02:00

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

[tex]\begin{gathered} \text{Opening balance+deposits-checks issued=Closing balance} \\ 3289.76+(1345.10+1321.03+300+818.98+987.33)-(223.45+52.78+2300+1423+179.05)=\text{Closing balance} \\ 3289.76+(4772.44)-(4178.28)=\text{Closing balance} \\ 8062.20-4178.28=\text{Closing balance} \\ 3883.92=\text{Closing balance} \end{gathered}[/tex]

Your balance therefore is $3,883.92