Let's go through the transactions step-by-step to determine Malcolm's correct balance assuming he had no beginning balance.
1. Initial Balance: Malcolm starts with an initial balance of \[tex]$0.00.
2. ATM Deposit on 5/7:
- Malcolm deposits \$[/tex]80.00 in the ATM.
- Balance after this transaction:
[tex]\[
\$0.00 + \$80.00 = \$80.00
\][/tex]
3. Grocery Store Payment on 5/7:
- Malcolm makes a grocery store payment of \[tex]$25.50.
- Balance after this transaction:
\[
\$[/tex]80.00 - \[tex]$25.50 = \$[/tex]54.50
\]
4. Paycheck Deposit on 5/8:
- Malcolm deposits a paycheck of \[tex]$650.00.
- Balance after this transaction:
\[
\$[/tex]54.50 + \[tex]$650.00 = \$[/tex]704.50
\]
Thus, the balance after entering all the receipts correctly is:
[tex]\[
\boxed{704.50}
\][/tex]
