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bill has $270.61 in his account before making any transactions. over th…

Question

bill has $270.61 in his account before making any transactions. over the course of a week, bill makes the following transactions:

transactiondebit ($)credit ($)
electric bill112.53--
groceries90.79--
savings bond--50.00
car payment225.65--

at the end of the week, how much money is in bills account?
a. $518.10
b. $156.70
c. $427.31
d. $608.89

Explanation:

Step1: Add initial amount and credits

$270.61 + 535.67+50.00=856.28$

Step2: Subtract debits

$856.28-(112.53 + 90.79+225.65)=856.28 - 428.97=427.31$

Answer:

c. $427.31$