Question

enter the following transactions into richards checkbook register and state his ending balance:
date type description amount
03/01 check #204 blue sky apartments $455.00
03/05 dep payroll automatic deposit $390.36
03/08 debit bennys hamburgers and fries $9.20
03/15 check #205 car payment $251.59
03/19 dep payroll automatic deposit $390.36
a. $715.79
b. $1,009.81
c. $780.72

Explanation:

Step1: Identify Initial Balance

From the checkbook register, the initial balance (before 03/01) is $944.88.

Step2: Process 03/01 Transaction

Transaction: Check #204, $455.00 (withdrawal).
New balance: $944.88 - $455.00 = $489.88.

Step3: Process 03/05 Transaction

Transaction: DEP, $390.36 (deposit).
New balance: $489.88 + $390.36 = $880.24.

Step4: Process 03/08 Transaction

Transaction: Debit, $9.20 (withdrawal).
New balance: $880.24 - $9.20 = $871.04.

Step5: Process 03/15 Transaction

Transaction: Check #205, $251.59 (withdrawal).
New balance: $871.04 - $251.59 = $619.45.

Step6: Process 03/19 Transaction

Transaction: DEP, $390.36 (deposit).
New balance: $619.45 + $390.36 = $1009.81.

Answer:

b. $1,009.81