Asked by Kenneth Hipps on Jul 05, 2024
Verified
The check stub in Alan Nelson's checkbook showed a balance of $675.00 before Alan wrote two checks for $464.00 and $101.00, and made a deposit of $100.00. Compute the new cash balance.
Check Stub
A check stub is the part of a check that is kept as a record by the issuer, detailing the amount, date, and payee of the check.
Cash Balance
The amount of currency that a company or individual has on hand, including deposits in bank accounts that are available for immediate use.
Deposit
A sum of money placed into an account or given as partial payment to secure a purchase or service.
- Implement arithmetic mechanisms in financial scenarios, such as the augmentation and reduction of transactions.
- Demonstrate the ability to compute new balances after multiple financial transactions.
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Learning Objectives
- Implement arithmetic mechanisms in financial scenarios, such as the augmentation and reduction of transactions.
- Demonstrate the ability to compute new balances after multiple financial transactions.