Please Helpp !!
Last week, Clay had a beginning balance of $50 in his account. He wrote 2 checks for $23 each from his checking account , withdrew another $5, and finally made a deposit of $22. Part A: Write an expression and your answer to show his final account balance at the end of the week 23 * 2 = 46
Part B: Explain in words, what Clay should do to get his accaunt balance to zero?

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MrRoyal MrRoyal · Answer 1 · 2021-01-11T01:45:31+01:00

Answer:

[tex]Balance = \$21[/tex]

Make a withdrawal of $21

Step-by-step explanation:

Given

[tex]Beginning = \$50[/tex]

[tex]Checks = \$23[/tex] (2 checks)

[tex]Withdrawal = \$5[/tex]

[tex]Deposit = \$22[/tex]

Solving (a): Show final balance

The transaction can be expressed as:[tex]Balance = (Beginning + Deposit) - (Withdrawal + Checks * Number\ of\ checks)[/tex]

i.e.

Add cash inflow

Subtract outflow

This gives:

[tex]Balance = (\$50+ \$22) - (\$5+ \$23* 2)[/tex]

[tex]Balance = (\$50+ \$22) - (\$5+ \$46)[/tex]

[tex]Balance = (\$72) - (\$51)[/tex]

[tex]Balance = \$72 - \$51[/tex]

[tex]Balance = \$21[/tex]

Solving (b): Get account balance to 0

To get his account to 0, he needs to make a withdrawal of the exact amount in his account (i.e. $21)

So, all he needs to do is to make a withdrawal of $21