On Banking 2

Question

Find the amount of the balance forward that would result following these transactions:
a. Starting balance: $1,432.54
b. October 4; check #914; to Cook Security Systems; amount of $93.27
c. Deposit: October 19; amount of $849.95
d. October 22; check #915; to Hernandez Engineering; amount of $142.35

Answer 1

John,

 

To find the ending balance, simply start with the beginning balance ($1432.54), then subtract all checks and withdrawals (493.27, $142.35) and add all deposits (849.95). 

Answer 2

1432.54 - ( 93.27 -849.95 + 142.35) = 2047.87