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's account balance at the end of August, we can start with her initial balance and then adjust it for the checks (withdrawals) and deposits.

1. Initial Balance: $927.58

2. Total Checks (Withdrawals):

   • $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. Ending Balance Calculation: \[ \text{Ending Balance} = \text{Initial Balance} - \text{Total Checks} + \text{Total Deposits} \] \[ \text{Ending Balance} = 927.58 - 66.95 + 204.57 \] \[ \text{Ending Balance} = 927.58 - 66.95 = 860.63 \] \[ \text{Ending Balance} = 860.63 + 204.57 = 1065.20 \]

So, Alison's account balance at the end of August is $1065.20.