What was daphnes balance on 6/25 after the ATM withdrawal 7. On 6/25 Daphne withdrew $200 from anATM. There was a $2.50 charge for the ATMwithdrawal. What was Daphne's balance on6/25 after the ATM withdrawal?A. $3,298.48B. $3,498.48C. $3,698.98D. $3,300.98 For questions 4-7, refer to Daphne's check register shown below.CheckDateTransactionWithdrawal DepositBalanceNo.$5,724.326/16/10 paycheckdeposit fromsavings$925.00$55.00$925.006/12254255256257credit card$2,314.25$157.346/14groceries6/206/15mortgage$1,246.756/21$410.00car payment6/24 paycheck

Formula: Available balance = Total deposits - Withdrawal Deduction of withdrawal from total deposits…

7. On 6/25 Daphne withdrew $200 from an ATM. There was a $2.50 charge for the ATM withdrawal. What was Daphne's balance on 6/25 after the ATM withdrawal? A. $3,298.48 B. $3,498.48 C. $3,698.98 D. $3,300.98

7. On 6/25 Daphne withdrew $200 from an ATM. There was a $2.50 charge for the ATM withdrawal. What was Daphne's balance on 6/25 after the ATM withdrawal? A. $3,298.48 B. $3,498.48 C. $3,698.98 D. $3,300.98

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

What was daphnes balance on 6/25 after the ATM withdrawal

For questions 4-7, refer to Daphne's check register shown below.
Check
Date
Transaction
Withdrawal Deposit
Balance
No.
$5,724.32
6/1
6/10 paycheck
deposit from
savings
$925.00
$55.00
$925.00
6/12
254
255
256
257
credit card
$2,314.25
$157.34
6/14
groceries
6/20
6/15
mortgage
$1,246.75
6/21
$410.00
car payment
6/24 paycheck

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