look at the table below showing an example of a checkbook ledger. adrienne has several receipts from recent…

look at the table below showing an example of a checkbook ledger. adrienne has several receipts from recent transactions that she entered in her records. the receipts include an atm receipt for a $60.00 withdrawal (plus a $2.00 transaction fee), a grocery store receipt for $32.50, and a $1,200 paycheck deposit slip. when she finishes entering her transactions, adrienne realizes that her balance is incorrect. assuming that adriennes beginning account balance was $320.00, why is her balance incorrect? adrienne forgot to include the $2.00 atm transaction fee. adrienne did not use $320.00 as her starting balance. adrienne deducted $23.50 from her balance instead of $32.50. adrienne did not enter her atm withdrawal correctly.

look at the table below showing an example of a checkbook ledger. adrienne has several receipts from recent transactions that she entered in her records. the receipts include an atm receipt for a $60.00 withdrawal (plus a $2.00 transaction fee), a grocery store receipt for $32.50, and a $1,200 paycheck deposit slip. when she finishes entering her transactions, adrienne realizes that her balance is incorrect. assuming that adriennes beginning account balance was $320.00, why is her balance incorrect? adrienne forgot to include the $2.00 atm transaction fee. adrienne did not use $320.00 as her starting balance. adrienne deducted $23.50 from her balance instead of $32.50. adrienne did not enter her atm withdrawal correctly.

Answer

Brief Explanations:

First, calculate the correct balance. Starting balance is $320.00. ATM withdrawal is $60 + $2 (fee) = $62, so balance becomes $320 - $62 = $258. Grocery store expense of $32.50 makes it $258 - $32.50 = $225.50. Pay - check deposit of $1200 makes final balance $225.50+1200 = $1425.50. Looking at the table, the error likely is that the $2 ATM fee was not included in calculations.

Answer:

Adrienne forgot to include the $2.00 ATM transaction fee