Debbie’s checkbook balance was $2,715.50. She wrote checks totaling $5,298.13 during the month of May. Deposits made during the month were $250.16 on May 1. On May 15, her payroll check was electronically processed for $2980.66; on May 22, a check from the IRS was electronically processed for $2,550. On May 27, she recorded $534.10 for payments debited to her account for auto insurance and utilities. What is her checkbook balance?

Debbie’s checkbook balance at the end of May is negative $2,187.73. This can be calculated by taking her initial balance of $2,715.50 and subtracting her total check payments for the month of May which were $5,298.13. This leaves a difference of negative $2,582.63 which is then adjusted to account for deposits made during the month. These include a deposit of $250.16 on May 1st; her payroll check processed electronically for $2980.66 on May 15th; a check from the IRS processed electronically for $2550 on May 22nd ; and payments debited to her account totalling $534.10 on May 27th . When all these figures are added up they amount to positive $3,815_79 which when subtracted from her starting deficit gives us a final balance of negative 2187 . 73 .