Question

3. Checking Account Balance. Andy has an account at South Central Savings and Loan. He does not track his checking account balance on a checkbook register. Yesterday evening, he placed 2 checks in the mail, one for $189 and another for $237. Andy accesses his acccount online and finds that his balance was $538, and all the checks he has written except for the 2 checks from yesterday have cleared. Andy doesn't plan on withdrawing any money from the account for the rest of this month but recalls that he typically pays a $15 service charge per month (charged before the end of the month) and receives no interest on this account. What will Andy's account balance be at he end of the month after those checks have cleared? Work:

Answer 1

B 1 opening balance of account $538.00 3 check deposit for clearance cheque one ($189.00) cheque twol ($237.00) ($15.00) 5 service charges Si 7 account balance in the end of the month $97.00 = SUM(C1:C5)

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