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Deductions & credits
Since there were no other transfers or deposits into the account, the adjusted opening balance is the balance immediately following the deposit of the excess contribution. With $1.00 being earned before the $200 contribution that included the excess $150 was made, that $1.00 of earnings would be included in the adjusted opening balance, making the adjusted opening balance $1,301.00.
‎January 4, 2024
4:37 PM