On his way out to meet a friend for lunch, David realized that his financial record was not up to date. He notices that he forgot to record three transactions. The first transaction was on August 2nd in the amount of $12.32, another transaction on that same day in the amount or $52.34, and finally a transaction on August 8th in the amount of $85.35. Determine David's balance carried forward for the 8th of August using the table below and the information provided.

Question

A check register. The Balance on August fifth is 1,049 dollars and 16 cents.
a.
$975.32
b.
$899.15
c.
$1,049.16
d.
$848.84

Answer 1

To determine David's balance carried forward for the 8th of August, we start with the balance he had on August 5th and then adjust for the transactions he forgot to record.

1. Starting Balance on August 5th: $1,049.16

2. Transactions to be deducted:

   • August 2nd: $12.32
   • August 2nd: $52.34
   • August 8th: $85.35

3. Calculating the Total of the Forgot Transactions:

   • Total amount of transactions = $12.32 + $52.34 + $85.35
   • Total = $12.32 + $52.34 = $64.66
   • Total = $64.66 + $85.35 = $149.01

4. Deducting the Total from the Starting Balance:

   • New balance = $1,049.16 - $149.01
   • New balance = $1,049.16 - $149.01 = $900.15

So, David's balance carried forward for the 8th of August is $900.15.

The answer provided in the options does not seem to match this calculation directly. However, if we look closely:

• The closest option to our calculation of $900.15 is $899.15.

Thus, the answer from the options would be:

b. $899.15 (assuming there might be a small rounding issue or error in transaction amounts given).

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