Question

Cole has $12 in his checking account. he writes a check for $223. what is the new balance in his checking account? assuming there no additional fees

Answer 1

the new balance in his checking account = -$211

Explanation:

Amount in Cole's checking account = $12

the check amount = $223

the difference = checking account - check amount

the difference = $12 - $223

the difference = - $211

it means Cole is owing $211. This because he is taking out more than is in his checking account.

Since there are no additional fees,

the new balance in his checking account = -$211