Answer :
Sure, let's complete the given check register step by step.
We start with the following known information from Ivan's check register:
1. Opened Account: Balance is \[tex]$500.00. 2. Check 001 on 2/7: Spent \$[/tex]32.75 on 123 Flowers, updating the balance to \[tex]$467.25. 3. On 2/13: Received a paycheck deposit of \$[/tex]318.54, updating the balance to \[tex]$785.79. Next, we move to complete the missing information based on Ivan's transactions for Groceries and Transfer: 1. Groceries on 2/18: \$[/tex]158.29.
2. Transfer on 2/19: \[tex]$250.00. Let’s fill in the blanks one by one: - For Groceries on 2/18: - \( A \) represents the grocery debit: \$[/tex]158.29.
- Subtract this amount from the previous balance (\[tex]$785.79): \[ 785.79 - 158.29 = 627.50 \] Thus, \( C \) is the updated balance after groceries: \$[/tex]627.50.
- For Transfer on 2/19:
- [tex]\( D \)[/tex] represents the transfer debit: \[tex]$250.00. - No deposit was made here, so \( E \) is: \$[/tex]0.
- Subtract this amount from the balance after groceries (\[tex]$627.50): \[ 627.50 - 250.00 = 377.50 \] Thus, \( F \) is the updated balance after the transfer: \$[/tex]377.50.
The completed check register will look like this:
[tex]\[ \text{Check} \vert \text{Date} \vert \text{Transaction} \vert \begin{array}{c} (-) \\ \text{Debit} \end{array} \vert \checkmark \vert (+) \text{Deposit} \vert \text{Balance} \][/tex]
[tex]\[ \begin{array}{|c|c|c|c|c|c|c|} \hline & & \text{Open Account} & & & & 500.00 \\ \hline 001 & 2/7 & \text{123 Flowers} & 32.75 & & & 467.25 \\ \hline & 2/13 & \text{Paycheck} & & & 318.54 & 785.79 \\ \hline 002 & 2/18 & \text{Groceries} & 158.29 & & & 627.50 \\ \hline & 2/19 & \text{Transfer} & 250.00 & & 0 & 377.50 \\ \hline \end{array} \][/tex]
Thus, the values for [tex]\( A \)[/tex], [tex]\( B \)[/tex], [tex]\( C \)[/tex], [tex]\( D \)[/tex], [tex]\( E \)[/tex], and [tex]\( F \)[/tex] in the check register are filled as:
[tex]\[ A = 158.29, B = 0, C = 627.50, D = 250.00, E = 0, F = 377.50 \][/tex]
This is a detailed, step-by-step solution to completing the check register.
We start with the following known information from Ivan's check register:
1. Opened Account: Balance is \[tex]$500.00. 2. Check 001 on 2/7: Spent \$[/tex]32.75 on 123 Flowers, updating the balance to \[tex]$467.25. 3. On 2/13: Received a paycheck deposit of \$[/tex]318.54, updating the balance to \[tex]$785.79. Next, we move to complete the missing information based on Ivan's transactions for Groceries and Transfer: 1. Groceries on 2/18: \$[/tex]158.29.
2. Transfer on 2/19: \[tex]$250.00. Let’s fill in the blanks one by one: - For Groceries on 2/18: - \( A \) represents the grocery debit: \$[/tex]158.29.
- Subtract this amount from the previous balance (\[tex]$785.79): \[ 785.79 - 158.29 = 627.50 \] Thus, \( C \) is the updated balance after groceries: \$[/tex]627.50.
- For Transfer on 2/19:
- [tex]\( D \)[/tex] represents the transfer debit: \[tex]$250.00. - No deposit was made here, so \( E \) is: \$[/tex]0.
- Subtract this amount from the balance after groceries (\[tex]$627.50): \[ 627.50 - 250.00 = 377.50 \] Thus, \( F \) is the updated balance after the transfer: \$[/tex]377.50.
The completed check register will look like this:
[tex]\[ \text{Check} \vert \text{Date} \vert \text{Transaction} \vert \begin{array}{c} (-) \\ \text{Debit} \end{array} \vert \checkmark \vert (+) \text{Deposit} \vert \text{Balance} \][/tex]
[tex]\[ \begin{array}{|c|c|c|c|c|c|c|} \hline & & \text{Open Account} & & & & 500.00 \\ \hline 001 & 2/7 & \text{123 Flowers} & 32.75 & & & 467.25 \\ \hline & 2/13 & \text{Paycheck} & & & 318.54 & 785.79 \\ \hline 002 & 2/18 & \text{Groceries} & 158.29 & & & 627.50 \\ \hline & 2/19 & \text{Transfer} & 250.00 & & 0 & 377.50 \\ \hline \end{array} \][/tex]
Thus, the values for [tex]\( A \)[/tex], [tex]\( B \)[/tex], [tex]\( C \)[/tex], [tex]\( D \)[/tex], [tex]\( E \)[/tex], and [tex]\( F \)[/tex] in the check register are filled as:
[tex]\[ A = 158.29, B = 0, C = 627.50, D = 250.00, E = 0, F = 377.50 \][/tex]
This is a detailed, step-by-step solution to completing the check register.