Question

In August Alison romike began with a checking account balance of $927.58. Her check payments and deposits for August are given in the chart below. Assuming no other transactions were made what was her account balance at the end of August. Checks:36.64, 24.72, 5.59. Deposits:80.55, 124.02.

Answer 1

To calculate Alison Romike's account balance at the end of August, we start with her initial balance and adjust it based on her check payments and deposits.

1. **Initial Balance**: $927.58

2. **Total Checks (Payments)**:
- $36.64
- $24.72
- $5.59

Total checks = \( 36.64 + 24.72 + 5.59 = 66.95 \)

3. **Total Deposits**:
- $80.55
- $124.02

Total deposits = \( 80.55 + 124.02 = 204.57 \)

4. **Calculate Final Balance**:

\[
\text{Final Balance} = \text{Initial Balance} - \text{Total Checks} + \text{Total Deposits}
\]

\[
\text{Final Balance} = 927.58 - 66.95 + 204.57
\]

First, subtract the total checks from the initial balance:

\[
927.58 - 66.95 = 860.63
\]

Then, add the total deposits:

\[
860.63 + 204.57 = 1065.20
\]

Therefore, Alison Romike's account balance at the end of August is **$1065.20**.