date description ref withdrawals deposits balance 2024 - 04 - 04 previous balance $0.55 2024 - 04 - 24…

date description ref withdrawals deposits balance 2024 - 04 - 04 previous balance $0.55 2024 - 04 - 24 payroll deposit - hotel $694.81 $695.36 2024 - 04 - 24 online bill payment - mastercard 9685 $200.00 $495.36 2024 - 04 - 26 fees - interac $3.00 $492.36 2024 - 04 - 26 atm withdrawal - interac 3990 $20.00 $472.36 2024 - 04 - 30 pos deb purchase - electronics 1975 $2.99 $469.37 2024 - 05 - 02 online bill payment - amex 3314 $300.00 $169.37 2024 - 05 - 03 atm withdrawal - first bank 6400 $100.00 $69.37 2024 - 05 - 06 pos deb purchase - supermarket 1559 $29.08 $40.29 2024 - 05 - 07 pos deb purchase - electronics 1975 $2.99 $37.30 2024 - 05 - 11 online bill payment - energy co. 2475 $28.74 $8.56 2024 - 05 - 12 payroll deposit - hotel $694.81 $703.37 2024 - 05 - 12 online funds transfer - from savings 2620 $50.00 $753.37 2024 - 05 - 14 online bill payment - insurance 3948 $146.67 $606.70 2024 - 05 - 15 check no. - 409 $100.00 $506.70 2024 - 05 - 16 check no. - 410 $710.49 -$197.81 2024 - 05 - 16 fees - overdraft $35.00 -$232.81 2024 - 05 - 18 fees - monthly maintenance $5.00 -$237.81 totals $1,680.97 $1,442.61 8 multiple choice 1 point what was the result of john overdrawing his checking account? john’s payment was greater than the balance he had available in his account so the bank will deposit $237.81 into john’s account so he can pay his bills. john’s payment was greater than the balance he had available in his account so he was charged a $35 fee. john’s payment was greater than the balance he had available in his account so the bank will transfer $35 from a linked account. john’s payment was greater than the balance he had available in his account so he was charged a $5 monthly maintenance fee.

date description ref withdrawals deposits balance 2024 - 04 - 04 previous balance $0.55 2024 - 04 - 24 payroll deposit - hotel $694.81 $695.36 2024 - 04 - 24 online bill payment - mastercard 9685 $200.00 $495.36 2024 - 04 - 26 fees - interac $3.00 $492.36 2024 - 04 - 26 atm withdrawal - interac 3990 $20.00 $472.36 2024 - 04 - 30 pos deb purchase - electronics 1975 $2.99 $469.37 2024 - 05 - 02 online bill payment - amex 3314 $300.00 $169.37 2024 - 05 - 03 atm withdrawal - first bank 6400 $100.00 $69.37 2024 - 05 - 06 pos deb purchase - supermarket 1559 $29.08 $40.29 2024 - 05 - 07 pos deb purchase - electronics 1975 $2.99 $37.30 2024 - 05 - 11 online bill payment - energy co. 2475 $28.74 $8.56 2024 - 05 - 12 payroll deposit - hotel $694.81 $703.37 2024 - 05 - 12 online funds transfer - from savings 2620 $50.00 $753.37 2024 - 05 - 14 online bill payment - insurance 3948 $146.67 $606.70 2024 - 05 - 15 check no. - 409 $100.00 $506.70 2024 - 05 - 16 check no. - 410 $710.49 -$197.81 2024 - 05 - 16 fees - overdraft $35.00 -$232.81 2024 - 05 - 18 fees - monthly maintenance $5.00 -$237.81 totals $1,680.97 $1,442.61 8 multiple choice 1 point what was the result of john overdrawing his checking account? john’s payment was greater than the balance he had available in his account so the bank will deposit $237.81 into john’s account so he can pay his bills. john’s payment was greater than the balance he had available in his account so he was charged a $35 fee. john’s payment was greater than the balance he had available in his account so the bank will transfer $35 from a linked account. john’s payment was greater than the balance he had available in his account so he was charged a $5 monthly maintenance fee.

Answer

Brief Explanations:

Overdrawing an account means the payment made is more than the available balance. In banking, when this occurs, banks typically charge an overdraft fee. Looking at the transaction list, on 2024 - 05 - 16, there is a "Fees - OVERDRAFT" of $35. This indicates that when John over - drew his account, he was charged a $35 fee.

Answer:

B. John’s payment was greater than the balance he had available in his account so he was charged a $35 fee.