You open your bank account on April 16 with a tax refund check of $145.00. You pay SellUPhone $65.34 on April 18. (Check 794) You deposit your paycheck on April 23. ($9.76/hour for 35 hours) You buy $61.32 (4% sales tax not included) in clothes from BargainsRUs on April 24 using your debit card. Be sure to include in your response: the steps you followed to complete your computations the balance as of April 24 the process for entering the transaction in the registry
To calculate the balance as of April 24 and enter the transactions in the registry, we need to perform the following steps:
Step 1: Calculate the initial balance on April 16:
Initial balance = $145.00
Step 2: Subtract the payment to SellUPhone on April 18:
Balance after payment = Initial balance - SellUPhone payment
Balance after payment = $145.00 - $65.34
Balance after payment = $79.66
Step 3: Add the paycheck deposit on April 23:
Balance after paycheck deposit = Balance after payment + Paycheck deposit
Paycheck deposit = $9.76/hour * 35 hours
Paycheck deposit = $341.60
Balance after paycheck deposit = $79.66 + $341.60
Balance after paycheck deposit = $421.26
Step 4: Subtract the purchase from BargainsRUs on April 24:
Balance after purchase = Balance after paycheck deposit - BargainsRUs purchase
Balance after purchase = $421.26 - $61.32
Balance after purchase = $359.94
Therefore, as of April 24, the bank account balance is $359.94.
To enter the transaction in the registry:
Registry entry for each transaction:
- April 16: Initial balance - Deposit $145.00
- April 18: Withdrawal - SellUPhone $65.34 (Check 794)
- April 23: Deposit - Paycheck $341.60
- April 24: Withdrawal - BargainsRUs $61.32 (Debit card)
Transaction registry as of April 24:
April 16: Initial balance: $145.00
April 18: Withdrawal - SellUPhone (Check 794): -$65.34
April 23: Deposit - Paycheck: $341.60
April 24: Withdrawal - BargainsRUs (Debit card): -$61.32
Total balance: $359.94