Answer :
To determine Malcolm's correct balance after recording all transactions, we need to meticulously add and subtract the amounts step by step. Let's go through these transactions one by one:
### Given Transactions From Ledger:
1. ATM deposit on 5/7: Credited [tex]$580.00 2. Grocery on 5/7 (Check 242): Debited $[/tex]525.50
3. Paycheck on 5/8: Credited [tex]$5650.00 ### Recent Transactions from Receipts: 1. New ATM deposit: Credited $[/tex]80.00
2. New grocery store debit: Debited [tex]$25.50 3. New paycheck deposit: Credited $[/tex]650.00
### Calculation of the Correct Balance:
1. Start with an initial balance of [tex]$0. 2. After the first ATM deposit: \[ 0 + 580.00 = 580.00 \] 3. After the grocery debit: \[ 580.00 - 525.50 = 54.50 \] 4. After the paycheck deposit: \[ 54.50 + 5650.00 = 5704.50 \] 5. After the new ATM deposit: \[ 5704.50 + 80.00 = 5784.50 \] 6. After the new grocery store debit: \[ 5784.50 - 25.50 = 5759.00 \] 7. Finally, after the new paycheck deposit: \[ 5759.00 + 650.00 = 6409.00 \] Thus, Malcolm's correct balance should be: \[ \boxed{6409.0} \] Therefore, the correct balance should be $[/tex]6409.00, which unfortunately doesn't match any of the multiple-choice answers provided, reflecting that there might be an error in the question options provided. There may be a misprint or a discrepancy in the available answer choices.
### Given Transactions From Ledger:
1. ATM deposit on 5/7: Credited [tex]$580.00 2. Grocery on 5/7 (Check 242): Debited $[/tex]525.50
3. Paycheck on 5/8: Credited [tex]$5650.00 ### Recent Transactions from Receipts: 1. New ATM deposit: Credited $[/tex]80.00
2. New grocery store debit: Debited [tex]$25.50 3. New paycheck deposit: Credited $[/tex]650.00
### Calculation of the Correct Balance:
1. Start with an initial balance of [tex]$0. 2. After the first ATM deposit: \[ 0 + 580.00 = 580.00 \] 3. After the grocery debit: \[ 580.00 - 525.50 = 54.50 \] 4. After the paycheck deposit: \[ 54.50 + 5650.00 = 5704.50 \] 5. After the new ATM deposit: \[ 5704.50 + 80.00 = 5784.50 \] 6. After the new grocery store debit: \[ 5784.50 - 25.50 = 5759.00 \] 7. Finally, after the new paycheck deposit: \[ 5759.00 + 650.00 = 6409.00 \] Thus, Malcolm's correct balance should be: \[ \boxed{6409.0} \] Therefore, the correct balance should be $[/tex]6409.00, which unfortunately doesn't match any of the multiple-choice answers provided, reflecting that there might be an error in the question options provided. There may be a misprint or a discrepancy in the available answer choices.
