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10 November, 02:57

The beginning balance on the monthly bank statement for Sierra's checking

account was $402.22, and the ending balance was $231.75. What can be said

about Sierra's transactions for the month?

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A. She had $170.47 more in debits than in credits.

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B. She had $633.97 more in credits than in debits.

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C. She had $170.47 more in credits than in debits.

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D. She had $633.97 more in debits than in credits.

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Answers (1)
  1. 10 November, 03:07
    0
    A. She had $170.47 more in debits than in credits.

    Step-by-step explanation:

    In a bank account, when money is deposited, the bank credits the bank accounts while a withdrawal is debited to the account hence, if the monthly bank statement for Sierra's checking account was $402.22, and the ending balance was $231.75, the change in the account is

    = $402.22 - $231.75

    = $170.47

    Since there was a drop in the balance comparing the beginning and ending balances, it means there were more withdrawals than deposits (in amount).
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