Jack and jill’s place is a nonprofit nursery school run by the parents of the enrolled children. since the school is out of town, it has a well rather than a city water supply. lately, the well has become unreliable, and the school has had to bring in bottled drinking water. the school’s governing board is considering drilling a new well (at the top of the hill, naturally). the board estimates that a new well would cost $3,025 and save the school $580 annually for 10 years. the school’s hurdle rate is 8 percent.

Jason started last week with $900 in his checking account. during the week, he wrote the checks below. at the end of the week, jason received a paycheck for $534.59. he recorded all of these transactions in his check register. trans typ./ check no. date description of transaction payment/ debit deposit/ credit (+) balance 900 00 241 12/4 miller's food market 53.21 53 21 groceries 846 79 242 12/7 frank's auto parts 24.05 24 05 oil and filter 822 74 243 12/8 mike's barber shop 15.00 15 00 haircut 807 74 deposit 12/9 paycheck 534.59 534 59 1,342 33 evaluate jason's check register. a. jason did a good job; everything is correct. b. the final balance is wrong; jason did not add everything correctly. c. jason should have written debit instead of deposit for the transaction type. d. jason entered the amount for his paycheck in the wrong column.