From the Information Below, What Would Be the Balance Forward

question 65

Short Answer

From the information below, what would be the balance forward that would result from these transactions?
Starting balance: $1,115.75
June 15, 20xx, check #439 issued to Griscom Hardware for supplies in the amount of $98.72
June 16, 20xx, deposit of $529.86
June 19, 20xx, check #440 issued to Bell Telephone Co. for telephone bill, in the amount of $126.59

---

Definitions:

Marginal Social Cost

The cost to society of producing an additional unit of a good or service, including both the private costs and any external costs.

Marginal Social Benefits

The extra advantage to the entire community from using an additional unit of a product or service.

Public Goods

Goods that are non-excludable and non-rivalrous, meaning their use by one individual does not reduce availability to others.

Marginal Social Cost

The total cost to society of producing an additional unit of a good or service, taking into account both private costs and any externalities.