Question

Daniel has a beginning balance of $675 in his checking account. He writes two checks for $530 and $200. He has a deposit of $340 and an overdraft fee of $29. What is his new balance?

$256

$1774

$1094

$132

Answer 1

$675.00 - $530.00 = $145.00
$145.00 - $200.00 = $55.00 negative balance, amount short.
$55.00 + 340.00 = $285.00 positive balance after deposit.
$285.00 - $29.00 = $256.00 new balance
Daniel has a new balance of $256.00