Answered

Sarah transferred [tex]\$450.00[/tex] from her savings account to her checking account. She'll use the check register to record her transaction. What will be her new balance?

[tex]\[
\begin{array}{|c|c|c|c|c|c|c|}
\hline
\begin{array}{c}
Check \\
number
\end{array} & \text{Date} & \begin{array}{c}
Description of \\
Transaction
\end{array} & \begin{array}{c}
(-) \\
\text{Debit}
\end{array} & \checkmark & \begin{array}{c}
(+) \\
\text{Deposits}
\end{array} & \text{Balance} \\
\hline
& & \text{Beginning Balance} & & & & 452.21 \\
\hline
258 & 4/1 & \text{Phone Bill} & 142.36 & & & 309.85 \\
\hline
259 & 4/7 & \text{Groceries} & 59.80 & & & 250.05 \\
\hline
& & & & & & \\
\hline
& & & & & & \\
\hline
& & & & & & \\
\hline
& & & & & & \\
\hline
& & & & & & \\
\hline
\end{array}
\][/tex]

New Balance: [tex]\square[/tex]



Answer :

GinnyAnswer
Sure, let’s proceed step-by-step to help Sarah figure out her new balance after her transactions.

1. Beginning Balance:
- Sarah's starting balance is \[tex]$452.21. 2. Phone Bill: - Sarah pays her phone bill which is \$[/tex]142.36.
- To find the balance after this transaction, we subtract \[tex]$142.36 from \$[/tex]452.21.
- New balance: \[tex]$452.21 - \$[/tex]142.36 = \[tex]$309.85. 3. Groceries: - Sarah buys groceries worth \$[/tex]59.80.
- To find the balance after this transaction, we subtract \[tex]$59.80 from \$[/tex]309.85.
- New balance: \[tex]$309.85 - \$[/tex]59.80 = \[tex]$250.05. 4. Transfer Deposit: - Sarah transfers \$[/tex]450.00 from her savings account to her checking account.
- To find the new balance after this deposit, we add \[tex]$450.00 to her current balance of \$[/tex]250.05.
- New balance: \[tex]$250.05 + \$[/tex]450.00 = \[tex]$700.05. So, after recording all transactions, the new balance in Sarah's checking account is \(\$[/tex]700.05\).