Question

Financial Literacy Unit Test
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Question
Use the image to answer the question.

A table shows six columns with headings as check number, date, to or from, withdrawal, deposit, and balance. There are 8 rows below the headings in alternating shades, with the first 4 rows containing data.
The last column with the heading as balance shows a second heading below it as U S D 1,000. The data reads as follows in the sequence of column names from left to right: First row of data: 3 0 5; 8 forward slash 3; Employment, L L C; blank; U S D 2,000; U S D 3,000. Second row of data: cash; 8 forward slash 6; A T M; U S D 100; blank; U S D 3,100. Third row of data: cash; 8 forward slash 7; Birthday money; blank; U S D 200; U S D 3,300. Fourth row of data: 1 0 7 6; 8 forward slash 9; Local Grocery Store; U S D 300; blank; U S D 3,000.

You review your check register and suspect you have made a mistake. On which date did you first update the balance incorrectly?

(1 point)
Responses

8/3
8/3

8/9
8/9

8/6
8/6

8/7
8/7
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Answer 1

To determine on which date the balance was first updated incorrectly, we need to analyze the transactions in the check register.

1. Starting balance: USD 1,000
2. **8/3**: Deposit of USD 2,000; New balance = 1,000 + 2,000 = USD 3,000
3. **8/6**: Withdrawal of USD 100; New balance = 3,000 - 100 = USD 2,900 (However, the balance shown is USD 3,100)
4. **8/7**: Deposit of USD 200; New balance would be = 2,900 + 200 = USD 3,100 (which matches the balance shown)
5. **8/9**: Withdrawal of USD 300; New balance = 3,100 - 300 = USD 2,800 (But the balance shown is USD 3,000)

Based on the calculations, the first incorrect balance update occurs on **8/6**, where the expected balance after the withdrawal is USD 2,900, but the balance shown is USD 3,100.

Therefore, the answer is **8/6**.