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 Romike's account balance at the end of August, we start with her initial balance and adjust it based on her check payments and deposits.

1. Initial Balance: $927.58

2. Total Checks (Payments):

   • $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. Calculate Final Balance:

\[ \text{Final Balance} = \text{Initial Balance} - \text{Total Checks} + \text{Total Deposits} \]

\[ \text{Final Balance} = 927.58 - 66.95 + 204.57 \]

First, subtract the total checks from the initial balance:

\[ 927.58 - 66.95 = 860.63 \]

Then, add the total deposits:

\[ 860.63 + 204.57 = 1065.20 \]

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