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Joseph has a balance of −$20 in his checkbook. If he deposits $135 and then writes a check for $55, what is the new balance in his checkbook?The checkbook balance is $

Joseph has a balance of 20 in his checkbook If he deposits 135 and then writes a check for 55 what is the new balance in his checkbookThe checkbook balance is class=

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SOLUTION:

Given the question in the question tab, the following is the solution to the question

Step 1: We write the statements in mathematical forms and execute the first operation.

Let the initial balance be $-20, if he deposits $135, this means that this amount was added to his checkbook. Hence, the new account becomes:

[tex]\text{\$}-20+\text{\$}135=\text{\$}115[/tex]

Step 2: He then writes a check for $55, this is a withdrawal and therefore a deficit. We now have:

[tex]\text{\$}115-\text{\$}55=\text{\$}60[/tex]

Hence, the new balance in his checkbook will be $60.

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