Answer:
Ending Balance = $4965.67
Step-by-step explanation:
The "Balance brought forward" is the money that is in the account before applying the transactions. A better name for it would be "Opening balance".
Also, a better name for the money that is in the account after applying the transactions would be "Closing balance".
- Opening balance $4061.57
- Deposited +966.32
- Subtotal 5027.89
- March 10 CES Electric -62.22
- Ending Balance $4965.67
Line 1 is your Opening balance" or "Balance brought forward."
In Line 2, you add the amount deposited to get the subtotal in Line 3.
In Line 4, you subtract the amount of the check to get the "Ending balance" of $4965.67 in Line 5.
