Complete the bank statement.

Question

Question

Complete the bank statement.

Answer 1

So according to our calculations for each date: ## For 14/12/2016: \( Balance = £212.48 - £128.39 = £84.09 \) ## For 15/12/2016: \( Balance = £84.09 + £856.21 = £940.30 \) So, after performing the calculations meticulously, it can be summarized that the account balance as of `15/12/2016` is `£940.30`. Next, we insert our calculated values back into the table: \begin{array}{|c|c|c|c|c|}<br\ />\hline\ Date\ &\ Description\ &\ Credit\ (\ \ £)\ \ &\ Debit\ \ (£)\ \ &\ Balance\ \ (£)\ \ \\<br\ />\hline\ \ 13\ /\ 12\ /\ 2016\ \ &\ Starting\ balance\ &\ &\ &\ 212.48\ \\<br\ />\hline\ \ 14\ /\ 12\ /\ 2016\ \ &\ Council\ tax\ &\ &\ 128.39\ &\ 84.09\ \\<br\ />\hline\ \ 15\ /\ 12\ /\ 2016\ \ &\ Salary\ &\ 856.21\ &\ &\ 940.30\ \\<br\ />\hline<br\ />\end{array}

Answer 2

## Step 1: We want to calculate the balance for the account. The balance of a bank account at any given time is determined by adding credits (inflows) to and subtracting debits (outflows) from the initial balance. So we start with the starting balance, and then sequentially update it with each credit and debit account activity. ## Step 2: For date `14/12/2016`, the bank account has been debited (money has gone out) by `£128.39`, therefore we subtract this amount from the starting balance `£212.48`. ### \( Balance = Initial\ Amount - Debit\ Amount = £212.48 - £128.39 \) ## Step 3: Next, for date `15/12/2016`, we have a credit (money has come in) of `£856.21`. This needs to be added to the balance gotten from the debit operation performed above. ### \( Balance = Current\ Balance + Credit\ Amount = Balance\ for\ 14/12/2016 - £856.21 \)

Question

Complete the bank statement.

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Explain

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