The beginning balance on the monthly bank statement for Charmaine’s checking account was $603.84, and the ending balance $264.98. What can be said about Charmaine’s transactions for the month? A. She had $338.86 more in debits than in credits. B. She had $868.82 more in credits than in debits. C. She had $338.86 more in credits than in debits. D. She had $868.82 more in debits than in credits.
Question
Answer:
Answer:She had $338.86 more in debits than in credits. Step-by-step explanation:Given : Charmaine’s checking account was $603.84, and the ending balance $264.98.To Find: What can be said about Charmaine’s transactions for the month? Solution:Initial Balance of account =$603.84Ending Balance= $264.98Since the Ending Balance is less than the Initial Balance. So, there is a debit caseTotal Amount debited = $603.84-$264.98 =$338.86So, option A is correct.She had $338.86 more in debits than in credits.
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