Tyrone's bank account had a balance of -$50.65 last week. His paycheck of $269.39 was deposited this week. If there have been no other transactions, which of the following is true?

Question

A.
Tyrone's current account balance is $320.04.
B.
Tyrone's current account balance is -$218.74.
C.
Tyrone's current account balance is -$320.04.
D.
Tyrone's current account balance is $218.74.

Answer 1

To determine Tyrone's current account balance, we add his previous balance to his paycheck deposit.

Previous balance: -$50.65
Paycheck deposit: $269.39

Current account balance = Previous balance + Paycheck deposit
= (-$50.65) + $269.39
= $218.74

Therefore, the correct answer is D. Tyrone's current account balance is $218.74.