Question

Sophie's current balance in her checking account is $125.89. Here are the transactions to complete and record:

Deposit a birthday check from her aunt for the amount of $25 (check number 201).
Deposit a paycheck for the amount of $165.50 (check number 2234).
She took $40 out of the ATM and used her debit card to buy a few items at the grocery store for a total of $15.16.
She needs to pay her cell phone bill in the amount of $36.13 to PhoneRite.
She needs to pay $34.20 to Yoga Center for her monthly membership.
She has an automatic bill payment for her car payment scheduled for today in the amount of $132.50

What is the final balance after the above transactions were completed?

Answer 1

58.40

Answer 2

$

Answer 3

@elexusquimby

Answer 4

How did you do that so quickly?

Answer 5

im in math with a calculator lol and I'm do the banking for my parents

Answer 6

oh damn, well thank you ive been stuck on this for awhile now.

Answer 7

lol no problem

Answer 8

After reviewing Sophie's statement, answer the following questions:
Were there any mistakes in Sophie's checkbook register? Explain.
Had all the transactions cleared? Explain.

Answer 9

There are entries in her checkbook register that do not appear in your question.....the automatic bill payment to the bank in the amount of 132.50...and at the end of your question it is saying she paid 34.20 to someone, and it is not on the check register.

Answer 10

yes there was a mistake, the yoga payment doesn't appear on the bank statement but it does appear in her checkbook. No, not all of the transactions cleared because the yoga bill didn't go through. I know that because it doesn't show on the ban statement.

Answer 11

Thanks for the help.

Answer 12

mhm