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

look at the table below showing an example of a checkbook ledger. malcolm has several receipts from recent transactions that he entered in his records. the receipts include an atm receipt for an $80.00 deposit, a grocery store receipt for $25.50, and a paycheck deposit slip for $650.00. when he finishes entering his transactions, malcolm realizes that his balance is incorrect. assuming that malcolm had no beginning balance, what should his correct balance be? $674.50 $704.50 $755.50 $784.50
Answer
Explanation:
Step1: Identify deposits and withdrawals
Deposits: $90.00 (ATM), $650.00 (pay - check). Withdrawal: $25.50 (grocery).
Step2: Calculate the total
Total = $90.00 + $650.00- $25.50
Step3: Perform the arithmetic
$90.00 + $650.00= $740.00, $740.00 - $25.50 = $714.50
Answer:
$714.50$