Kadeesha's monthly bank statement showed the following deposits and withdrawals:$58.65,−$93.26,−$119.35,$50.73,−$75.50If Kadeesha's balance in the account was $119.17 at the beginning of the month, what was the account balance at the end of the month?Answer: $□
Q. Kadeesha's monthly bank statement showed the following deposits and withdrawals:$58.65,−$93.26,−$119.35,$50.73,−$75.50If Kadeesha's balance in the account was $119.17 at the beginning of the month, what was the account balance at the end of the month?Answer: $□
Determine Starting Balance and Transactions: Determine the starting balance and list all transactions.Kadeesha's starting balance is $119.17.The transactions are as follows: +$58.65, −$93.26, −$119.35, +$50.73, −$75.50.
Calculate Net Change: Calculate the net change in the account by adding deposits and subtracting withdrawals.Net change = $58.65−$93.26−$119.35+$50.73−$75.50Net change = $58.65+$50.73−$93.26−$119.35−$75.50Net change = $109.38−$288.11Net change = −$178.73
Calculate Ending Balance: Calculate the ending balance by adding the net change to the starting balance.Ending balance = Starting balance + Net changeEnding balance = $119.17+(−$178.73)Ending balance = $119.17−$178.73Ending balance = −$59.56