ming made a car insurance payment of $122.50. hell use the check register to record his transaction. what…

ming made a car insurance payment of $122.50. hell use the check register to record his transaction. what will be his new balance?\ncheck\nnumber date description of\ntransaction (-)\ndebit (+)\ndeposits balance\nbeginning balance 962.25\n712 3/19 magazine\nsubscription 17.00 945.25\n713 3/22 groceries 143.15 802.10

ming made a car insurance payment of $122.50. hell use the check register to record his transaction. what will be his new balance?\ncheck\nnumber date description of\ntransaction (-)\ndebit (+)\ndeposits balance\nbeginning balance 962.25\n712 3/19 magazine\nsubscription 17.00 945.25\n713 3/22 groceries 143.15 802.10

Answer

Explanation:

Step1: Identify the previous balance

The previous balance is $802.10.

Step2: Subtract the car - insurance payment

The car - insurance payment is a debit of $122.50. So we calculate the new balance as $802.10−122.50$. $802.10 - 122.50=679.60$

Answer:

$679.60$