Answer :
To determine what can be said about Charmaine's transactions for the month, we need to analyze the change in her bank account balance from the beginning to the end of the month.
Here are the given details:
- Beginning balance: $603.84
- Ending balance: $264.98
To find the net effect of the transactions (i.e., whether she had more debits or credits), we will calculate the difference between the beginning balance and the ending balance.
1. Calculate the net transaction for the month:
[tex]\[ \text{Net transaction} = \text{Beginning balance} - \text{Ending balance} \][/tex]
[tex]\[ \text{Net transaction} = 603.84 - 264.98 \][/tex]
[tex]\[ \text{Net transaction} = 338.86 \][/tex]
The net transaction amount of [tex]$338.86 indicates that during the month, her balance decreased by $[/tex]338.86.
2. Interpret the net transaction:
- A decrease in the balance by $338.86 means she had more money going out of her account (debits) than coming in (credits).
- Therefore, the amount of debits (i.e., expenses or withdrawals) exceeded the credits (i.e., deposits) by $338.86.
Based on the net transaction amount and our interpretation:
- Option A: She had $338.86 more in debits than in credits.
This statement is accurate because her account decreased by $338.86, which means her expenditures (debits) surpassed her earnings (credits) by this amount.
- Option B: She had $868.82 more in credits than in debits.
- This is incorrect. Her balance did not increase by credits; it decreased.
- Option C: She had $338.86 more in credits than in debits.
- This is incorrect. If this were the case, her ending balance would be higher than her beginning balance, not lower.
- Option D: She had $868.82 more in debits than in credits.
- This is also incorrect. The amount by which her debits exceeded her credits is not $868.82.
Thus, the correct answer is:
A. She had $338.86 more in debits than in credits.
Here are the given details:
- Beginning balance: $603.84
- Ending balance: $264.98
To find the net effect of the transactions (i.e., whether she had more debits or credits), we will calculate the difference between the beginning balance and the ending balance.
1. Calculate the net transaction for the month:
[tex]\[ \text{Net transaction} = \text{Beginning balance} - \text{Ending balance} \][/tex]
[tex]\[ \text{Net transaction} = 603.84 - 264.98 \][/tex]
[tex]\[ \text{Net transaction} = 338.86 \][/tex]
The net transaction amount of [tex]$338.86 indicates that during the month, her balance decreased by $[/tex]338.86.
2. Interpret the net transaction:
- A decrease in the balance by $338.86 means she had more money going out of her account (debits) than coming in (credits).
- Therefore, the amount of debits (i.e., expenses or withdrawals) exceeded the credits (i.e., deposits) by $338.86.
Based on the net transaction amount and our interpretation:
- Option A: She had $338.86 more in debits than in credits.
This statement is accurate because her account decreased by $338.86, which means her expenditures (debits) surpassed her earnings (credits) by this amount.
- Option B: She had $868.82 more in credits than in debits.
- This is incorrect. Her balance did not increase by credits; it decreased.
- Option C: She had $338.86 more in credits than in debits.
- This is incorrect. If this were the case, her ending balance would be higher than her beginning balance, not lower.
- Option D: She had $868.82 more in debits than in credits.
- This is also incorrect. The amount by which her debits exceeded her credits is not $868.82.
Thus, the correct answer is:
A. She had $338.86 more in debits than in credits.
