what is the ending balance on this account after these transfers are completed? beginning balance $650.00 19…

what is the ending balance on this account after these transfers are completed? beginning balance $650.00 19 - jul ach outgoing transfer $(550.00) 20 - jul incoming app transfer $1,600.00 23 - jul ach incoming transfer $65.00 24 - jul e - bill pay utilities $(100.00)

what is the ending balance on this account after these transfers are completed? beginning balance $650.00 19 - jul ach outgoing transfer $(550.00) 20 - jul incoming app transfer $1,600.00 23 - jul ach incoming transfer $65.00 24 - jul e - bill pay utilities $(100.00)

Answer

Explanation:

Step1: Start with beginning balance

We begin with the initial balance of $650.00.

Step2: Subtract outgoing transfer

Subtract the ACH Outgoing Transfer of $550.00: $650 - 550 = 100$.

Step3: Add incoming app transfer

Add the Incoming App Transfer of $1,600.00: $100 + 1600 = 1700$.

Step4: Add ACH incoming transfer

Add the ACH Incoming Transfer of $65.00: $1700 + 65 = 1765$.

Step5: Subtract utility payment

Subtract the E - bill Pay Utilities of $100.00: $1765 - 100 = 1665$.

Answer:

1665.00