To determine the correct column in which Luther should record the transfer of [tex]$398.65 from Vivian's checking account to his own, we need to analyze the nature of this transaction.
When money is added to an account, it is generally considered a deposit or credit. This process increases the balance of Luther's account.
Considering the options available in the check register:
- Check Number: This column is used to record the check numbers for payments made by checks.
- Fee: This column is used to record any fees incurred, which would decrease the balance.
- Deposit/Credit: This column is used for transactions that add money to the account, such as deposits or electronic transfers from other accounts.
- Payment/Debit: This column is used for transactions that deduct money from the account, such as payments or purchases.
Since Vivian's action of transferring $[/tex]398.65 to Luther's checking account increases Luther's account balance, it should be recorded as a deposit or credit.
Therefore, the amount of the transfer should be recorded in column C. Deposit/Credit.
