Question

account tracking horizon bank account 556477299 date transaction description amount balance 04/01 beginning balance $600.00 04/05 vertex solutions payroll $1,200.00 $1,800.00 what kind of transaction is vertex solutions payroll? choose 1 answer: a debit b direct deposit c pending payment d automatic payment

Explanation:

A direct deposit is a transaction where funds are electronically transferred into an account, often for payroll (like a paycheck). Here, the Vertex Solutions Payroll transaction increased the balance (from $600 to $1,800), which matches a direct deposit. A debit would decrease the balance, pending payment is not yet processed, and automatic payment is for outgoing payments (like bills), not incoming payroll.

Answer:

B. direct deposit