you are balancing the checking account for your new lawn - care business. based on the check register below…

you are balancing the checking account for your new lawn - care business. based on the check register below, how much money is in the account?\n| check number | date | memo | check amount | deposit amount | balance |\n| ---- | ---- | ---- | ---- | ---- | ---- |\n| | 7/1 | deposit | | $581.22 | $ |\n| 101 | 7/3 | rake & axe | $27.91 | | $ |\n| 102 | 7/5 | van repair | $52.81 | | $ |\n| 103 | 7/5 | new mower | $265.80 | | $ |\n| 104 | 7/6 | gas | $10.00 | | $ |\n| | 7/31 | deposit | | $330.67 | $ |\na $330.67\nb $356.52\nc $555.37\nd $581.22\ne $911.89

you are balancing the checking account for your new lawn - care business. based on the check register below, how much money is in the account?\n| check number | date | memo | check amount | deposit amount | balance |\n| ---- | ---- | ---- | ---- | ---- | ---- |\n| | 7/1 | deposit | | $581.22 | $ |\n| 101 | 7/3 | rake & axe | $27.91 | | $ |\n| 102 | 7/5 | van repair | $52.81 | | $ |\n| 103 | 7/5 | new mower | $265.80 | | $ |\n| 104 | 7/6 | gas | $10.00 | | $ |\n| | 7/31 | deposit | | $330.67 | $ |\na $330.67\nb $356.52\nc $555.37\nd $581.22\ne $911.89

Answer

Explanation:

Step1: Start with initial deposit

Initial balance = $581.22

Step2: Subtract first - check amount

New balance = $581.22−$27.91 = $553.31

Step3: Subtract second - check amount

New balance = $553.31−$52.81 = $500.5

Step4: Subtract third - check amount

New balance = $500.5−$265.80 = $234.7

Step5: Subtract fourth - check amount

New balance = $234.7−$10.00 = $224.7

Step6: Add second deposit

Final balance = $224.7 + $330.67=$555.37

Answer:

C. $555.37