question 1 (10 points)\nuse the information in this list of transactions to determine marias balance at a…

question 1 (10 points)\nuse the information in this list of transactions to determine marias balance at a, b, and c.\nmarias checking account transactions\ndate transaction expenditure income or withdrawal balance\n1 - feb paycheck - direct deposit $295.20\n1 - feb atm cash & fee ($21.50) a\n2 - feb movie $9.50\n2 - feb groceries $140.16\n3 - feb gasoline $35.52\n5 - feb streaming subscription $17.80 b\n8 - feb paycheck - direct deposit $295.20\n10 - feb retail purchase $43.47 c\nmarias beginning balance on february 1st was $0. what is her balance at (a)? note that values in red are deductions.\nwhat is marias balance at (b)?\nwhat is marias balance at (c)?

question 1 (10 points)\nuse the information in this list of transactions to determine marias balance at a, b, and c.\nmarias checking account transactions\ndate transaction expenditure income or withdrawal balance\n1 - feb paycheck - direct deposit $295.20\n1 - feb atm cash & fee ($21.50) a\n2 - feb movie $9.50\n2 - feb groceries $140.16\n3 - feb gasoline $35.52\n5 - feb streaming subscription $17.80 b\n8 - feb paycheck - direct deposit $295.20\n10 - feb retail purchase $43.47 c\nmarias beginning balance on february 1st was $0. what is her balance at (a)? note that values in red are deductions.\nwhat is marias balance at (b)?\nwhat is marias balance at (c)?

Answer

Explanation:

Step1: Calculate balance at A

Initial balance is $0$. Deposit of $295.20$ and then withdrawal of $21.50$. So, $0 + 295.20-21.50$. $0 + 295.20-21.50=273.70$

Step2: Calculate balance at B

Balance at A is $273.70$. Then expenditures of $9.50$, $140.16$, $35.52$, $17.80$. So, $273.70-9.50 - 140.16-35.52 - 17.80$. $273.70-(9.50 + 140.16+35.52 + 17.80)=273.70 - 202.98 = 70.72$

Step3: Calculate balance at C

Balance at B is $70.72$. Deposit of $295.20$ and then expenditure of $43.47$. So, $70.72+295.20 - 43.47$. $70.72+295.20 - 43.47=322.45$

Answer:

A: $273.70$ B: $70.72$ C: $322.45$