To determine Malcolm's correct balance after entering his transactions, let's go through the steps one by one.
1. Start with the initial balance:
Since it is stated that Malcolm had no beginning balance, we start with a balance of:
[tex]\[
\text{Initial Balance} = \$0.00
\][/tex]
2. Add the ATM deposit:
Malcolm made an ATM deposit of \[tex]$80.00. Adding this to his initial balance:
\[
\text{Balance after ATM deposit} = \$[/tex]0.00 + \[tex]$80.00 = \$[/tex]80.00
\]
3. Subtract the grocery expense:
Malcolm spent \[tex]$25.50 at the grocery store. Subtracting this from the current balance:
\[
\text{Balance after grocery expense} = \$[/tex]80.00 - \[tex]$25.50 = \$[/tex]54.50
\]
4. Add the paycheck deposit:
Malcolm deposited a paycheck of \[tex]$650.00. Adding this amount to his current balance:
\[
\text{Balance after paycheck deposit} = \$[/tex]54.50 + \[tex]$650.00 = \$[/tex]704.50
\]
Therefore, after all the transactions, Malcolm’s correct balance should be:
[tex]\[
\boxed{\$704.50}
\][/tex]
