Praxis 5511 Practice Test Practice Question
Guillermo forgot to enter the starting balance, $x$, on the checkbook page shown. Given that the balance of his checking account was $495.21 after accounting for the four transactions shown, what was the value of $x$?
Correct Answer: C
Rationale: To determine the starting balance \( x \), we need to reverse the effect of the four transactions on the final balance of $495.21. By adding the amounts of the transactions back to the final balance, we can find \( x \).
Option C, $346.54, is accurate because when the transactions are subtracted from $495.21, it results in $346.54, which aligns with the balance before the transactions occurred.
Options A ($290.64), B ($299.56), and D ($643.88) do not yield the correct final balance when the transactions are applied. Therefore, they cannot be correct starting balances.
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