Jerry's beginning balance in his checkbook was $457.56. He made
deposits of $20, $80, and $165 and wrote checks for $216.58. His bank
charge was $3.50. What was his ending balance for the month?
a. $552.10
b. $505.98
c. $722.56
d. $502.48
The total deposits made by Jerry were $20 + $80 + $165 = $265.
The total expenses made by Jerry were $216.58 + $3.50 = $220.08.
Therefore, his ending balance can be calculated as:
Beginning balance + Deposits - Expenses - Bank charge
= $457.56 + $265 - $220.08 - $3.50
= $499.98
Therefore, the correct answer is d. $502.48, which is the closest option to Jerry's ending balance.