6. a. when the table here is complete, it shows five transactions and the resulting account balance in a…
6. a. when the table here is complete, it shows five transactions and the resulting account balance in a bank account. fill in the missing numbers. transaction amount account balance transaction 1 70 70 transaction 2 25 transaction 3 -32 transaction 4 40 transaction 5 -10 b. explain what the number -32 tells you about transaction 3. c. explain what the number -10 tells you about transaction 5.
Answer
Explanation:
Step1: Calculate balance after transaction 2
Add transaction 2 amount to previous balance. $70 + 25=95$
Step2: Calculate balance after transaction 3
We know balance after transaction 3 is 40 and transaction 3 amount is - 32. Let balance before transaction 3 be $x$. Then $x+( - 32)=40$, so $x = 40+32 = 72$. Since balance after transaction 2 is 95, this step is consistent.
Step3: Calculate transaction 4 amount
Let transaction 4 amount be $y$. Balance before transaction 4 is 40 and balance after is - 10. Then $40 + y=-10$, so $y=-10 - 40=-50$
Step4: Calculate transaction 5 amount
Since balance changes from - 10 to - 10, transaction 5 amount is 0.
Answer:
| transaction | transaction amount | account balance |
|---|---|---|
| transaction 1 | 70 | 70 |
| transaction 2 | 25 | 95 |
| transaction 3 | -32 | 40 |
| transaction 4 | -50 | -10 |
| transaction 5 | 0 | -10 |
Brief Explanations:
b. The -32 in transaction 3 indicates a withdrawal of 32 units from the account. c. The -10 in transaction 5 indicates a withdrawal of 10 units from the account.
Answer:
b. It indicates a withdrawal of 32 units from the account. c. It indicates a withdrawal of 10 units from the account.