5. what is the impact of the online funds transfer - from savings that appears on johns statement?\n a…

5. what is the impact of the online funds transfer - from savings that appears on johns statement?\n a. johns savings account balance declined by $50 and his checking account balance increased by $50\n b. johns savings account balance increased by $50 and his checking account balance declined by $50\n c. johns savings account balance had no change and his checking account balance declined by $50\n d. johns savings account balance increased by $50 and his checking account balance had no change\n6. which statement is true regarding check no - 409?\n a. this check likely came from johns employer.\n b. this check was written by john and paid to another person or business.\n c. this check caused john to overdraw his checking account.\n d. this check added $100 to johns account.

5. what is the impact of the online funds transfer - from savings that appears on johns statement?\n a. johns savings account balance declined by $50 and his checking account balance increased by $50\n b. johns savings account balance increased by $50 and his checking account balance declined by $50\n c. johns savings account balance had no change and his checking account balance declined by $50\n d. johns savings account balance increased by $50 and his checking account balance had no change\n6. which statement is true regarding check no - 409?\n a. this check likely came from johns employer.\n b. this check was written by john and paid to another person or business.\n c. this check caused john to overdraw his checking account.\n d. this check added $100 to johns account.

Answer

Explanation:

Step1: Analyze online funds transfer

When funds are transferred from savings to checking, the savings account balance decreases and the checking account balance increases. If $50 is transferred, John's Savings account balance declined by $50 and his Checking account balance increased by $50. So for question 5, the answer is a.

Step2: Analyze check - related question

A check is typically written by an account - holder (John in this case) and paid to another person or business. There is no indication that it came from his employer, caused an overdraft, or added money to his account. So for question 6, the answer is b.

Answer:

  1. a. John's Savings account balance declined by $50 and his Checking account balance increased by $50
  2. b. This check was written by John and paid to another person or business