for exercises 3 - 6, refer to daphne’s check register shown below. check no. date transaction withdrawal…

for exercises 3 - 6, refer to daphne’s check register shown below. check no. date transaction withdrawal deposit balance 6/1 $5,724.32 6/10 paycheck $925.00 6/12 deposit from savings $55.00 254 6/14 credit card $2,314.25 255 6/15 groceries $157.34 256 6/20 mortgage $1,246.75 257 6/21 car payment $410.00 6/24 paycheck $925.00 3 what was daphne’s balance on 6/13? f $5,724.32 g $5,779.32 h $6,649.32 j $6,704.32 4 what was daphne’s balance on 6/17? a $2,985.98 b $4,232.73 c $4390.07 d $6,704.32 5 what was daphne’s final balance on 6/24? f $2,575.98 g $2,985.98 h $3,500.98 j $4390.07 6 on 6/25 daphne withdrew $200.00 from an atm. there was a $2.50 charge for the atm withdrawal. what was daphne’s balance on 6/25 after the atm withdrawal? a $3,298.48 b $3,300.98 c $3,498.48 d $3,698.98

for exercises 3 - 6, refer to daphne’s check register shown below. check no. date transaction withdrawal deposit balance 6/1 $5,724.32 6/10 paycheck $925.00 6/12 deposit from savings $55.00 254 6/14 credit card $2,314.25 255 6/15 groceries $157.34 256 6/20 mortgage $1,246.75 257 6/21 car payment $410.00 6/24 paycheck $925.00 3 what was daphne’s balance on 6/13? f $5,724.32 g $5,779.32 h $6,649.32 j $6,704.32 4 what was daphne’s balance on 6/17? a $2,985.98 b $4,232.73 c $4390.07 d $6,704.32 5 what was daphne’s final balance on 6/24? f $2,575.98 g $2,985.98 h $3,500.98 j $4390.07 6 on 6/25 daphne withdrew $200.00 from an atm. there was a $2.50 charge for the atm withdrawal. what was daphne’s balance on 6/25 after the atm withdrawal? a $3,298.48 b $3,300.98 c $3,498.48 d $3,698.98

Answer

Answer:

  1. G. $5,779.32
  2. C. $4390.07
  3. G. $2,985.98
  4. A. $3,298.48

Explanation:

Step1: Calculate 6/13 balance

Starting balance on 6/1 is $5724.32. Deposit on 6/10 is $925.00 and on 6/12 is $55.00. So balance on 6/13 is $5724.32 + 925.00+55.00 = $5779.32.

Step2: Calculate 6/17 balance

Balance on 6/13 is $5779.32. Withdrawal on 6/14 is $2314.25 and on 6/15 is $157.34. So balance on 6/17 is $5779.32-2314.25 - 157.34= $4307.73.

Step3: Calculate 6/24 balance

Balance on 6/17 is $4307.73. Withdrawal on 6/20 is $1246.75 and on 6/21 is $410.00, deposit on 6/24 is $925.00. So balance on 6/24 is $4307.73-1246.75 - 410.00+925.00 = $2985.98.

Step4: Calculate 6/25 balance

Balance on 6/24 is $2985.98. Withdrawal on 6/25 is $200.00 and ATM - fee is $2.50. So balance on 6/25 is $2985.98-200.00 - 2.50= $3298.48.