test yourself! practice tool\ntype a positive or negative value into the blank spaces to represent each…

test yourself! practice tool\ntype a positive or negative value into the blank spaces to represent each transaction to a persons bank account balance.\na refund of $6.72 credited to the account. \na $965 paycheck deposited to the account. \na purchase at a store for $37.21. \na check written in the amount of $574.28.

test yourself! practice tool\ntype a positive or negative value into the blank spaces to represent each transaction to a persons bank account balance.\na refund of $6.72 credited to the account. \na $965 paycheck deposited to the account. \na purchase at a store for $37.21. \na check written in the amount of $574.28.

Answer

Explanation:

Step1: Understand credit to account

A credit or deposit increases the account balance, so it's positive. For a refund of $6.72 credited to the account, the value is + 6.72. $+6.72$

Step2: Understand paycheck deposit

A paycheck deposit also increases the account balance, so it's positive. For a $965 paycheck deposited to the account, the value is + 965. $+965$

Step3: Understand purchase

A purchase is a withdrawal of money from the account, so it's negative. For a purchase at a store for $37.21, the value is - 37.21. $-37.21$

Step4: Understand check written

Writing a check is a withdrawal of money from the account, so it's negative. For a check written in the amount of $574.28, the value is - 574.28. $-574.28$

Answer:

  • 6.72
  • 965
  • 37.21
  • 574.28