Chapter 4, Problem 4AT

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8th Edition

Robert Brechner + 1 other

ISBN: 9781305585447

Textbook Problem

Simon Fitzrowdy checked his checking account online on Tuesday morning, and it showed a balance of $1,472.38. During a morning shopping trip, he used his debit card to buy gasoline for $48.92. groceries for $77.10, and a shirt for $34.98. He used his smartphone and his mobile-banking app to deposit a check for $150. What will his balance be the next morning?

To determine

**To calculate:** The balance for Simon Fitzrowdy if his account showed a balance of

Explanation

**Given Information:**

Starting balance was

Debit card purchase - gasoline for

Debit card purchase - groceries for

Debit card purchase - shirt for

Check deposit for

**Calculation:**

For all transactions, any debits will be subtracted from the balance whereas the deposits or any credit will be added to the balance.

The starting balance of Simon is

Sect-4.I P-1TIESect-4.I P-2TIESect-4.I P-3TIESect-4.I P-4TIESect-4.I P-1RESect-4.I P-2RESect-4.I P-3RESect-4.I P-4RESect-4.I P-5RESect-4.I P-6RE

Sect-4.I P-7RESect-4.I P-8RESect-4.I P-9RESect-4.I P-10RESect-4.II P-5TIESect-4.II P-1RESect-4.II P-2RESect-4.II P-3RECh-4 P-1CRCh-4 P-2CRCh-4 P-3CRCh-4 P-4CRCh-4 P-5CRCh-4 P-6CRCh-4 P-7CRCh-4 P-8CRCh-4 P-9CRCh-4 P-10CRCh-4 P-11CRCh-4 P-12CRCh-4 P-13CRCh-4 P-14CRCh-4 P-1ATCh-4 P-2ATCh-4 P-3ATCh-4 P-4ATCh-4 P-5ATCh-4 P-6ATCh-4 P-7AT

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