Let's carefully review and calculate Malcolm's transactions to find out the correct balance.
1. Initial Balance:
Malcolm's initial balance is stated to be zero. So, we start with:
[tex]\[
\text{Initial Balance} = \$0.00
\][/tex]
2. ATM Deposit:
He deposits \[tex]$80.00 at the ATM. Adding this to the initial balance:
\[
\text{Balance after ATM Deposit} = \$[/tex]0.00 + \[tex]$80.00 = \$[/tex]80.00
\]
3. Grocery Store Debit:
Malcolm spends \[tex]$25.50 on groceries. Subtracting this from the balance after the ATM deposit:
\[
\text{Balance after Grocery Debit} = \$[/tex]80.00 - \[tex]$25.50 = \$[/tex]54.50
\]
4. Paycheck Deposit:
He deposits his paycheck of \[tex]$650.00. Adding this to the balance after the grocery debit:
\[
\text{Final Balance} = \$[/tex]54.50 + \[tex]$650.00 = \$[/tex]704.50
\]
Thus, after entering all the transactions correctly, Malcolm's correct balance should be:
[tex]\[
\boxed{\$704.50}
\][/tex]
