Question

An online bank statement reads as follows:

Account balance: $986.24

Car payment: $203.34
Gas bill: $96.67
Check deposit: $1289.60
Cash deposit: $45
Debit card transaction: $67.12
ATM withdrawal: $30

Find the current account balance to date.
Question 18 options:

A)

$937.47

B)

$1,555.33

C)

$1,923.71

D)

$1,726.52

Answer 1

To find the current account balance, we will start with the initial account balance and adjust it by adding or subtracting the transactions.

Starting balance:
- Initial account balance = $986.24

Now let's process each transaction:

1. Car payment (subtract):
$986.24 - $203.34 = $782.90

2. Gas bill (subtract):
$782.90 - $96.67 = $686.23

3. Check deposit (add):
$686.23 + $1289.60 = $1975.83

4. Cash deposit (add):
$1975.83 + $45 = $2020.83

5. Debit card transaction (subtract):
$2020.83 - $67.12 = $1953.71

6. ATM withdrawal (subtract):
$1953.71 - $30 = $1923.71

After processing all transactions, the current account balance is **$1,923.71**.

So the correct answer is:
C) $1,923.71