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At the beginning of this month the balance of reeds checking account was 692.35. So far this month he has received a paycheck via direct deposit of 893.71 been charged a monthly service fee from his bank of $15 used a debit card linked to his account to make a purchase of $44.74 written a check for 191.28 that has already been deposited and deposited a check written to him for 59.97. What is the current balance of Reeds checking account

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Answer:

$1395.01

Is the answer

The current balance of Vance's checking account is $1395.01.

What is current balance?

current balance is a total of all charges, interest, credits and payments on your account.

Vance's checking account balance was $692.35

He has received a paycheck via direct deposit of $893.71

After receiving a paycheck, balance will be :

$692.35+$893.71 = $1586.06

He has been charged a monthly service fee = $15

So,

amount $15 will be deducted from his account .

Thus, new balance will be : $1586.06 - $15 =  $1571.06

Now, he made  a purchase of $44.74 using his debit card .

So,

new balance will be : $1571.06-$44.74 = $1526.32

He written a check of amount $191.28

Again deduction will be

=$1526.32-$191.28= $1335.04

lastly, he deposited a check written to him .of amount $59.97.

The new balance will be

= $1335.04+$59.97=$1395.01

Thus , The current balance of Vance's checking account is $1395.01.

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