Answer:
[tex]New\ Balance = \$302[/tex]
Step-by-step explanation:
Given
[tex]Balance = -\$19[/tex]
[tex]Deposit = \$368[/tex]
[tex]Purchase = \$47[/tex]
Required
Determine the new balance
The new balance is calculated as:
[tex]New\ Balance = Balance + Deposit - Purchase[/tex]
Purchase is subtracted because it represents debit.
So, we have:
[tex]New\ Balance = -\$19 + \$368 - \$47[/tex]
[tex]New\ Balance = \$302[/tex]
Hence, the new balance is $302
