jim keeps this financial record: on june 5, jim bought a school yearbook that cost $46.50. complete that row…
jim keeps this financial record: on june 5, jim bought a school yearbook that cost $46.50. complete that row in the record.
Answer
Explanation:
Step1: Determine received amount
No money was received on June 5, so the received amount is $0$.
Step2: Identify expense amount
The expense for the year - book is $46.50$.
Step3: Calculate available funds
The available funds before buying the year - book is $374.25$. After spending $46.50$, the new available funds is $374.25−46.50 = 327.75$.
Answer:
| Date | Description | Received | Expenses | Available Funds |
|---|---|---|---|---|
| 6/5 | yearbook | $0$ | $46.50$ | $327.75$ |