You just found out that the balance in one of the company's bank accounts dropped below $0 to - $425.59. Now you must adjust the balance to include the $30 penalty that the bank will charge, and then transfer funds from another of the company's accounts. What is the balance after the penalty and before you transfer any funds? - $395.59

Question

Victoria Hardy

Advanced Placement (AP)

23 August, 19:20

You just found out that the balance in one of the company's bank accounts dropped below $0 to - $425.59. Now you must adjust the balance to include the $30 penalty that the bank will charge, and then transfer funds from another of the company's accounts. What is the balance after the penalty and before you transfer any funds? - $395.59

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Christine Morrison · Answer 1

The correct answer is - $455.59.

The balance in the account after it is overdrawn is - $425.59, and the the bank charges them an additional $30 fee, which will be subtracted from the account.

-$425.59 - $30 = - $455.59