Question

paul wrote a check to the dentist for $345.69. hell use the check register to record his transaction. what will be his new balance?

check
date
transaction
(-)
debit
(+)
deposit
balance

7/1
beginning balance

$1,142.00
251
7/7
grocery bill
15.89

252
7/19
electric bill
75.69

$704.73
$720.62
$1,233.58
$1,579.27

Explanation:

Step1: Calculate balance after grocery bill

Subtract grocery bill from beginning balance.
$$1142.00 - 15.89=1126.11$$

Step2: Calculate balance after electric bill

Subtract electric bill from balance after grocery bill.
$$1126.11 - 75.69 = 1050.42$$

Step3: Calculate balance after dentist payment

Subtract dentist payment from balance after electric bill.
$$1050.42-345.69 = 704.73$$

Answer:

$704.73$ (First option)