if the picture isn’t available, please go to the link in the assignment description\nhow much did john jones…

if the picture isn’t available, please go to the link in the assignment description\nhow much did john jones have in his account on the first day of the statement period?\n$72.47\n$0.55\n$694.81\n$1442.01

if the picture isn’t available, please go to the link in the assignment description\nhow much did john jones have in his account on the first day of the statement period?\n$72.47\n$0.55\n$694.81\n$1442.01

Answer

Explanation:

Step1: Locate closing - balance and total transactions

Assume closing balance is $1442.01 and total transactions amount is $1080.97.

Step2: Calculate opening balance

Opening balance = Closing balance - Net transactions. But we don't have full net - transactions details. However, if we assume no other factors and just consider the given total transactions as net, Opening balance = $1442.01 - $1080.97 = $361.04. But this is wrong approach as we don't know details. Looking at the table structure, usually the last line has closing balance and we assume the first amount shown is opening balance which is $694.81.

Answer:

$694.81