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Francine's register shows an automatic payment on 9/6 in the amount of $140.30, an ATM withdrawal on 9/8 in the amount of $120, and a deposit on 9/18 in the amount of $356.22. No other transactions were made.

What should the balance be in Francine's register? Use this bank statement.

Francines register shows an automatic payment on 96 in the amount of 14030 an ATM withdrawal on 98 in the amount of 120 and a deposit on 918 in the amount of 35 class=

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Answer:

Date     Description    Debits(-)  Credits(+)   Balance

9/6        Auto Pay         140.30                       438.00

9/8         ATM               120.0                         318.00

9/18       Deposit                           356.22      674.22

Step-by-step explanation:

Observe in the attached image that the final balance in your account on 9/1 is $578.30.

Then:

*On 9/6 he makes a payment of $140.30

*On 9/8, he makes a withdrawal from an ATM of $120

This means that:

Total Withdrawals:

[tex]\$140.30 + \$120 = \$260.30[/tex]

Then:

*On 9/18 you receive a deposit of $356.22

This means that:

Total Deposits:

[tex]\$356.22[/tex]

So, we have:

Beginning Balance: $578.30.

Total Withdrawals: $260.30

Total Deposits: $356.22

Final Balance = Beginning balance + Total Deposits - Total Withdrawals

Final Balance [tex]= \$578.30 + \$356.22 - \$260.30[/tex]

Final balance [tex]= \$674.22[/tex]

Then:

Date     Description    Debits(-) Credits(+)    Balance

9/6        Auto Pay         140.30                       438.00

9/8         ATM               120.0                         318.00

9/18       Deposit                           356.22      674.22

                                                                                       

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