In August Alison romike began with a checking account balance of $916.09 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: 34.06,23.54,4.32. deposits:84.39,112.06

1 answer

To determine Alison Romike's account balance at the end of August, we need to perform the following calculations:

  1. Start with the initial balance:

    • Initial Balance: $916.09
  2. Calculate total check payments:

    • Checks:
      • $34.06
      • $23.54
      • $4.32
    • Total Checks: \[ 34.06 + 23.54 + 4.32 = 61.92 \]
  3. Calculate total deposits:

    • Deposits:
      • $84.39
      • $112.06
    • Total Deposits: \[ 84.39 + 112.06 = 196.45 \]
  4. Calculate the ending balance:

    • Ending Balance = Initial Balance - Total Checks + Total Deposits \[ \text{Ending Balance} = 916.09 - 61.92 + 196.45 \] \[ = 916.09 - 61.92 = 854.17 \] \[ = 854.17 + 196.45 = 1050.62 \]

Therefore, Alison Romike's account balance at the end of August is $1,050.62.