In August Alison romike began checking account balance of 877.78. her check payments and deposits of August are given in the chart below. Assuming no other transactions were made what was her account balance at the end of August? Checks $35.59 deposits $84.28 Checks $26.96 deposits 123.72 checks 6.01 what was her account balance at the end of August

Answer 1

To find Alison Romike's account balance at the end of August, we start with her initial balance and then account for the checks and deposits she made during the month.

1. Starting Balance: $877.78

2. Total Checks:

   • Check 1: $35.59
   • Check 2: $26.96
   • Check 3: $6.01

   Total checks = $35.59 + $26.96 + $6.01 = $68.56

3. Total Deposits:

   • Deposit 1: $84.28
   • Deposit 2: $123.72

   Total deposits = $84.28 + $123.72 = $208.00

4. Ending Balance Calculation: \[ \text{Ending Balance} = \text{Starting Balance} - \text{Total Checks} + \text{Total Deposits} \] \[ \text{Ending Balance} = 877.78 - 68.56 + 208.00 \] \[ \text{Ending Balance} = 877.78 - 68.56 + 208.00 = 1017.22 \]

Alison's account balance at the end of August is $1017.22.