Expanding upon Melu's answer you can do this to functionalize the code and handle negative amounts.
Sample Output:
$5.23
-$5.23
function formatCurrency(total) {
var neg = false;
if(total < 0) {
neg = true;
total = Math.abs(total);
}
return (neg ? "-$" : '$') + parseFloat(total, 10).toFixed(2).replace(/(\d)(?=(\d{3})+\.)/g, "$1,").toString();
}