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The beginning balance on the monthly bank statement for Ike's checking account was $194.58, and the ending balance was $371.93. What can be said about Ike's transactions for the month?
A. He had $566.51 more in debits than in credits.
B. He had $566.51 more in credits than in debits.
C. He had $177.35 more in credits than in debits.
D. He had $177.35 more in debits than in credits.

Respuesta :

The answer is he had 177.35 more in credits then in debits
dubeyshailja64

Transactions for the month will be said as he had $177.35 more in credits than in debits.

What is a beginning balance?

The sum of money that is in a company's account at the start of a new financial period is known as its beginning balance. It represents the first accounting entry.

The amount that remains at the end of the year involves adding the amount of all transactions in an account to the initial balance is known as the ending balance.

To calculate the transaction of the month-

ending balance subtract the opening balance

                   =$371.93-$194.58,

                   =$177.35

This shows that the credit exceeds debit.

Therefore, option C  he had $177.35 more in credits than in debits.

Learn more transactions, here:

brainly.com/question/24730931

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