Respuesta :
Answer: No. Kendall did not correctly determine the new balance. The new balance is -$1840.
Step-by-step explanation:
From the question, we are informed that Kendall's business spent more money than it collected, and therefore the business's balance sheet showed a balance of -$1,280 at the end of the month. We are informed that the next day, Kendall's business spent $560 on new tools.
Therefore, since Kendall made a purchase, this is an expense and we have to subtract it from the previous balance. This will be:
= -$1280 - $560
= - $1840
The new balance is -$1840
Answer:
She is not correct. The correct answer should be -$1840
Step-by-step explanation:
Explanation: Kendal is ultimately wrong, because in his step in adding the $560 spent on new tools, she had added a positive number, which meant they deposited money to go out of debt. Instead he was supposed to subtract the $560, or even add -$560 to the businesses balance. If calculated correctly, by subtracting $560 to the current balance, it would get us to -$1840.
