look at the table below showing an example of a checkbook ledger. adrien has several receipts from recent…

look at the table below showing an example of a checkbook ledger. adrien has several receipts from recent transactions that she entered in her records. the receipts include an atm receipt for a $60.00 withdrawal (plus a $2.00 transaction fee), a grocery store receipt for $32.50, and a $1,200 paycheck deposit slip. when she finishes entering her transactions, adrien realizes that her balance is incorrect. assuming that adriens beginning account balance was $320.00, why is her balance incorrect? adrien forgot to include the $2.00 atm transaction fee. adrien did not use $320.00 as her starting balance. adrien deducted $23.50 from her balance instead of $32.50. adrien did not enter her atm withdrawal.

look at the table below showing an example of a checkbook ledger. adrien has several receipts from recent transactions that she entered in her records. the receipts include an atm receipt for a $60.00 withdrawal (plus a $2.00 transaction fee), a grocery store receipt for $32.50, and a $1,200 paycheck deposit slip. when she finishes entering her transactions, adrien realizes that her balance is incorrect. assuming that adriens beginning account balance was $320.00, why is her balance incorrect? adrien forgot to include the $2.00 atm transaction fee. adrien did not use $320.00 as her starting balance. adrien deducted $23.50 from her balance instead of $32.50. adrien did not enter her atm withdrawal.

Answer

Explanation:

Step1: Calculate correct balance change

Starting balance: $320.00
ATM withdrawal + fee: $60.00 + $2.00 = $62.00 (debit)
Grocery: $32.50 (debit)
Paycheck: $1,200.00 (credit)
Correct balance: $320 - $62 - $32.50 + $1,200 = $1,425.50

Step2: Analyze table entries

Table shows ATM debit $2.00 (fee) and credit $60.00 (withdrawal). Withdrawal should be debit, not credit, and total debit should include both $60 + $2. Incorrectly treating withdrawal as credit and missing fee's impact.

Answer:

Adrienne forgot to include the $2.00 ATM transaction fee.