Answered

Aliyah made a payment in the amount of $\$47.93$. She'll use the check register to record her transaction. What will be her new balance?




Check number		DateDescription of Transaction
\begin{tabular}[t]{l}
(-)

Debit
& ✓ &


(+)

Deposits
& Balance \\

\hline & & Beginning Balance & & & & 1258.95 \\

\hline 701 & 9/14 & Car payment & 342.36 & & & 916.59 \\

\hline & 9/23 & Deposit of paycheck & & & 426.36 & 1342.95 \\

\hline & & & & & & \\

\hline & & & & & & \\

\hline & & & & & & \\

\hline & & & & & & \\

\hline & & & & & & \\

\hline

\end{tabular}

Verified Answer :

  • Identify the current balance from the check register, which is \(\$1342.95\).
  • Recognize that the new payment of \(\$47.93\) is a debit and must be subtracted from the current balance.
  • Perform the subtraction: \(1342.95 - 47.93 = 1295.02\).
  • Conclude that the new account balance is \(\boxed{1295.02}\).

Explanation

  1. Analysis of the Current Balance and Transaction

The provided check register table shows an initial balance of \(\$1258.95\). After a series of transactions—specifically a car payment of \(\$342.36\) and a paycheck deposit of \(\$426.36\)—the current balance recorded in the table is \(\$1342.95\). Aliyah is now recording a new payment transaction, which is a debit of \(\$47.93\). A debit reduces the total amount of money available in the account. To find the new balance, we must subtract this payment amount from the existing balance of \(\$1342.95\).

  1. Calculating the New Balance

To calculate the new balance, we perform the following subtraction:
\[1342.95 - 47.93 = 1295.02\]
Thus, after deducting the payment of \(\$47.93\) from the previous balance of \(\$1342.95\), the account balance decreases accordingly.

  1. Conclusion

By subtracting the transaction amount from the previous total, we have determined that Aliyah's new balance is \(\$1295.02\).
The final balance is \(\boxed{1295.02}\).

Examples

Keeping a check register helps individuals track their spending and ensure they have enough funds to cover their expenses. By regularly recording deposits and withdrawals, you can easily manage your finances and avoid overdraft fees. This simple arithmetic process is essential for personal budgeting and maintaining financial health.