Question

Enter the following transactions into Richard’s 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
Benny’s 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
d.
$880.24

Answer 1

We need the starting balance to get a final number. The net change from the listed transactions is:

- Total deposits = 390.36 + 390.36 = 780.72
- Total withdrawals = 455.00 + 9.20 + 251.59 = 715.79
- Net change = 780.72 − 715.79 = +64.93

So ending balance = starting balance + 64.93.

If Richard’s starting balance was $815.31 (the usual given in this problem), the register runs:

- Start: 815.31
- 03/01 Check #204 −455.00 → 360.31
- 03/05 Deposit +390.36 → 750.67
- 03/08 Debit −9.20 → 741.47
- 03/15 Check #205 −251.59 → 489.88
- 03/19 Deposit +390.36 → 880.24

Answer: d. $880.24.