The starting balance would be $255. If the ending balance is $81.
What is the bank statement?
A bank statement is basically a summary of financial transactions that occurred at a certain institution during a specific time period. Bank statements allow its customers to check for mistakes, watch for wary activity, and track their spending.
Computation of the opening balance in Marco's bank:
Given that,
The expense of Marco are:
T-shirt = $20
Gas = $22
Movie = $13
Video game = $39
Jeans = $34
Hat = $15
Books = $31.
Closing Balance=$81
The formula for opening balance(OB) is :
[tex]\text{OB} = \text{CB}+ \rm{Expenses}[/tex]
Here CB is Closing Balance.
Applying the given values in the formula, we get:
[tex]\text{OB} = \text{CB}+ \rm{Expenses}\\\\\text{OB} =\$81+(\$20+\$22+\$13+\$39+\$34+\$15+\$31)\\\\\text{OB} =\$255[/tex]
Therefore, Option A is correct.
Learn more about bank statements, refer:
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