Malcolm has several receipts from recent transactions that he entered in his records. the receipts include an atm receipt for an $80.00 deposit, a grocery store receipt for $25.50, and a paycheck deposit slip for $650.00. when he finishes entering his transactions, malcolm realizes that his balance is incorrect. assuming that malcolm had no beginning balance, what should his correct balance be?

Malcolm's correct balance should be $ 704.50

Step-by-step explanation:

1. Define incomes and expenditures

Incomes: ATM receipt for $80.00 deposit and a paycheck deposit slip for $650.00.

Expenditures: Grocery store receipt for $ 25.5.

2. Add incomes and expenditures respectively

Incomes: $80.00 + $ 650.00

Incomes: $ 730.00

Expenditures: $ 25.5

3. Determine Malcom balance subtracting expenditures from incomes

Balance= Incomes - Expenditures

Balance= $ 730.00 - $ 25.5

Balance= $ 704.50

what's that

step-by-step explanation: