Question

look at the table below showing an example of a checkbook ledger.

check number | date | description | amount debited | amount credited | balance
--- | --- | --- | --- | --- | ---

9/15	pharmacy	$15.20		$219.80
9/16	paycheck		$1,015.50

156 | 9/18 | rent | $425.00 | |

9/18	dinner	$22.30
9/18	movie tickets	$26.75

according to the table, what is omars bank balance?

• $761.25
• $810.30
• $814.75
• $1,186.25

Explanation:

Step1: Start with initial balance

Initial balance after Pharmacy: $219.80

Step2: Add paycheck credit

After adding paycheck: $219.80 + $1,015.50 = $1,235.30

Step3: Subtract rent debit

After rent: $1,235.30 - $425.00 = $810.30

Step4: Subtract dinner debit

After dinner: $810.30 - $22.30 = $788.00 (Wait, no, wait. Wait, maybe I misread the initial balance. Wait, the first row: 9/15 Pharmacy, debited $15.20, balance $219.80. Then 9/16 Paycheck credited $1,015.50. So new balance: 219.80 + 1015.50 = 1235.30. Then 9/18 Rent debited $425.00: 1235.30 - 425 = 810.30. Then Dinner debited $22.30: 810.30 - 22.30 = 788.00? But that's not one of the options. Wait, maybe the initial balance is after Pharmacy, so before Pharmacy, what was it? Wait, no, the table shows: first row, 9/15 Pharmacy, debited $15.20, balance $219.80. So that means before Pharmacy, the balance was 219.80 + 15.20 = 235.00? No, no. The balance column is the balance after the transaction. So 9/15: after debiting $15.20, balance is $219.80. So previous balance was 219.80 + 15.20 = 235.00. Then 9/16: Paycheck credited $1,015.50, so new balance: 219.80 + 1015.50 = 1235.30 (since the balance after Pharmacy is 219.80, then we add the paycheck to that). Then 9/18 Rent debited $425.00: 1235.30 - 425 = 810.30. Then Dinner debited $22.30: 810.30 - 22.30 = 788.00. Then Movie tickets debited $26.75: 788.00 - 26.75 = 761.25. Oh! I forgot the movie tickets. Oh right, there's dinner and movie tickets. So after rent: 810.30. Then dinner: 810.30 - 22.30 = 788.00. Then movie tickets: 788.00 - 26.75 = 761.25. Wait, but that's option A. Wait, but the options are $761.25, $810.30, $814.75, $1,186.25. Wait, maybe I missed a transaction. Wait, the table has:

9/15: Pharmacy, debited $15.20, balance $219.80

9/16: Paycheck, credited $1,015.50, balance?

Then 9/18: Rent, debited $425.00, balance?

9/18: Dinner, debited $22.30, balance?

9/18: Movie tickets, debited $26.75, balance?

So let's do step by step:

1. Start with balance after Pharmacy: $219.80

1. Add Paycheck (credit): 219.80 + 1015.50 = 1235.30 (balance after paycheck)

1. Subtract Rent (debit): 1235.30 - 425.00 = 810.30 (balance after rent)

1. Subtract Dinner (debit): 810.30 - 22.30 = 788.00 (balance after dinner)

1. Subtract Movie tickets (debit): 788.00 - 26.75 = 761.25 (balance after movie tickets)

Ah, there we go. I forgot the movie tickets transaction. So the final balance is $761.25.

Answer:

$761.25