Question

Joshua Franz, of Oxford, Mississippi, earned $4,700 during the summer and put $3,850 of the money in a newly opened savings account for use during the school year. It is now November 4th and Joshua went to the bank to withdraw some cash. The teller informed him that there was only $2,200 in the account. When Joshua protested, the teller informed him that there had been three ATM $550 withdrawals from the account on the last day of the month in August, September and October. Joshua typically neglects to open the statements he had received on the third day of each month. When he got home he could not find the ATM card he had received when he opened the account in August and recalled that he had found his car door open in his parking lot in late August but had thought nothing was taken. When he opened the statements he saw the record of each of the withdrawals. He went immediately back to the bank to tell them of the loss. How much money will Joshua lose because of these fraudulent transactions? Round your answer to the nearest dollar.

Answer 1

Answer - given information in the questionare as follows

Joshua Franz, of Oxford, Mississippi, earned $4,700 during the summer and put $3,850 of the money in a newly opened savings account for use during the school year. It is now November 4th and Joshua went to the bank to withdraw some cash. The teller informed him that there was only $2,200 in the account. When Joshua protested, the teller informed him that there had been three ATM $550 withdrawals from the account on the last day of the month in August, September and October. Joshua typically neglects to open the statements he had received on the third day of each month. When he got home he could not find the ATM card he had received when he opened the account in August and recalled that he had found his car door open in his parking lot in late August but had thought nothing was taken. When he opened the statements he saw the record of each of the withdrawals. He went immediately back to the bank to tell them of the loss. $1650 money will Joshua lose because of these fraudulent transactions.

Answer 0 Earned Income $ 47.00 © Deposit tes saling bank $38504 in hand $850 9 Actual Amout at u November $22004 Step ② - 0 loss. $1650 t froud mount withdrawed $550 X3 = $1650 by third party Mole, Joshua 'Franz, 8 Oxford mississippi $1650 money coill tay lose becouse of these Eradoulent transaction's