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Paul wrote a check to the dentist for [tex]$\$[/tex]345.69[tex]$. He'll use the check register to record his transaction. What will be his new balance?

\begin{tabular}{|c|c|c|c|c|c|c|}
\hline Check & Date & Transaction & \begin{tabular}{c}
$[/tex](-)[tex]$ \\
Debit
\end{tabular} & $[/tex]\checkmark[tex]$ & \begin{tabular}{c}
$[/tex](+)[tex]$ \\
Deposit
\end{tabular} & Balance \\
\hline & $[/tex]7 / 1[tex]$ & Beginning Balance & & & & $[/tex]\[tex]$1,142.00$[/tex] \\
\hline 251 & [tex]$7 / 7$[/tex] & Grocery Bill & 15.89 & & & [tex]$\$[/tex]1,126.11[tex]$ \\
\hline 252 & $[/tex]7 / 19[tex]$ & Electric Bill & 75.69 & & & $[/tex]\[tex]$1,050.42$[/tex] \\
\hline & [tex]$7 / 22$[/tex] & Dentist Bill & 345.69 & & & \\
\hline & & & & & & \\
\hline & & & & & & \\
\hline
\end{tabular}

A. [tex]$\$[/tex]704.73[tex]$

B. $[/tex]\[tex]$720.62$[/tex]

C. [tex]$\$[/tex]1,233.58[tex]$

D. $[/tex]\[tex]$1,579.27$[/tex]



Answer :

GinnyAnswer
To find the new balance, let's break down the problem step-by-step by recording each transaction in the check register and updating the balance accordingly.

1. Beginning Balance:
- Initial Balance: \[tex]$1142.00 2. Grocery Bill (7/7): - Amount: \$[/tex]15.89
- New Balance after Grocery Bill:
[tex]\[ 1142.00 - 15.89 = 1126.11 \][/tex]

3. Electric Bill (7/19):
- Amount: \[tex]$75.69 - New Balance after Electric Bill: \[ 1126.11 - 75.69 = 1050.42 \] 4. Dentist Bill (Amount not yet recorded): - Amount: \$[/tex]345.69
- New Balance after Dentist Bill:
[tex]\[ 1050.42 - 345.69 = 704.73 \][/tex]

So Paul's new balance after writing the check to the dentist for \[tex]$345.69 will be \$[/tex]704.73.

The final balance matches one of the given options: \$704.73.

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