Question

using the information provided for 2024, complete the following check stub for rose gardens. the balance brought forward for check stub 532 is $5828.94.
checks written
deposits made
electronic
payments
number
date
to
for
amount
date
amount
date
amount
531
oct. 7
carpenter
furniture
$1255.29
oct. 8
$730.37
oct. 8
$661.13
532
oct. 10
post office
postage
$41.29
oct. 9
$15.33
oct. 12
$141.87
533
oct. 15
courier
shipping
$362.75
oct. 13
$1186.36

532
date
oct. 10, 2024
amount
$41.29
to
post office
for
postage
total
5828
94
deposits

Explanation:

To complete the check stub, we need to calculate the total deposits made before or on October 10 (the date of check 532) and then adjust the balance.

Step 1: Identify relevant deposits

Deposits made on or before Oct. 10:

• Oct. 8: $730.37
• Oct. 9: $15.33

Step 2: Calculate total deposits

Total deposits = $730.37 + $15.33 = $745.70

Step 3: Identify checks written before or on Oct. 10

Checks written on or before Oct. 10:

• Check 531: $1255.29
• Check 532: $41.29

Step 4: Calculate total checks

Total checks = $1255.29 + $41.29 = $1296.58

Step 5: Identify electronic payments before or on Oct. 10

Electronic payment on or before Oct. 10:

• Oct. 8: $661.13

Step 6: Calculate new balance

The formula for the new balance is:
New Balance = Balance Brought Forward + Total Deposits - Total Checks - Total Electronic Payments

Substitute the values:
New Balance = $5828.94 + $745.70 - $1296.58 - $661.13

First, add deposits to the initial balance:
$5828.94 + $745.70 = $6574.64

Then, subtract total checks:
$6574.64 - $1296.58 = $5278.06

Then, subtract electronic payments:
$5278.06 - $661.13 = $4616.93

Answer:

The new balance for check stub 532 is $\boldsymbol{\$4616.93}$.