suppose that wills checking account shows a balance of $725.35 at the beginning of the month. during this…

suppose that wills checking account shows a balance of $725.35 at the beginning of the month. during this month, he makes deposits of $472.25, $317.85, $527.10, and $235.40, and he writes checks for $307.50, $45.75, $327.00, and $225.85. find the end - of - the - month balance in his account.

suppose that wills checking account shows a balance of $725.35 at the beginning of the month. during this month, he makes deposits of $472.25, $317.85, $527.10, and $235.40, and he writes checks for $307.50, $45.75, $327.00, and $225.85. find the end - of - the - month balance in his account.

Answer

Explanation:

Step1: Calculate total deposits

$472.25 + 317.85+527.10 + 235.40=1552.6$

Step2: Calculate total checks written

$307.50+45.75 + 327.00+225.85 = 906.1$

Step3: Calculate end - of - month balance

$725.35+1552.6 - 906.1=1371.85$

Answer:

$1371.85$