Asked by Kanesha Johnson on Jun 09, 2024
Verified
A check register shows a balance of $787.77 before adding a deposit of $110.75 and writing two checks for $117.50 and $605.00. Compute the new cash balance shown in the check register.
Check Register
A logbook used by individuals to track checks issued, deposits made, and current balance in their checking account; a tool for personal financial management.
Cash Balance
The total amount of cash or cash equivalents available in a company’s account at any given time.
Deposit
A sum of money placed into an account or given as security for a financial agreement.
- Utilize mathematical techniques in monetary conditions, including the addition and reduction of financial activities.
- Prove the ability to assess new balances post a series of financial transactions.
Verified Answer
MD
Learning Objectives
- Utilize mathematical techniques in monetary conditions, including the addition and reduction of financial activities.
- Prove the ability to assess new balances post a series of financial transactions.