when the owner of hill street construction withdrew $200 from the companys bank account, the bank statement…

when the owner of hill street construction withdrew $200 from the companys bank account, the bank statement showed the transaction as -$200. if the next transaction on the statement shows $350, which of these describes the transaction? $350 was withdrawn. money was neither deposited nor withdrawn. $350 was deposited.

when the owner of hill street construction withdrew $200 from the companys bank account, the bank statement showed the transaction as -$200. if the next transaction on the statement shows $350, which of these describes the transaction? $350 was withdrawn. money was neither deposited nor withdrawn. $350 was deposited.

Answer

Explanation:

Step1: Understand bank - statement notation

A negative amount on a bank statement represents a withdrawal. A positive amount represents a deposit.

Step2: Analyze the given transaction

The transaction shows $350$ (a positive amount). In bank - statement terms, a positive amount means money is added to the account.

Answer:

$350 was deposited.