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Look at this check register. Calculate the current balance.

\begin{tabular}{|l|c|c|c|c|c|c|}
\hline
Check & Date & Transaction & \begin{tabular}{c}
[tex]$(-)$[/tex] \\
Debit
\end{tabular} & [tex]$\checkmark$[/tex] & \begin{tabular}{c}
[tex]$(+)$[/tex] \\
Deposit
\end{tabular} & Balance \\
\hline
& [tex]$5 / 1$[/tex] & Monthly Fee & 8.00 & & & [tex]$\$[/tex] 82.92$ \\
\hline
005 & [tex]$5 / 3$[/tex] & Phone Bill & 78.24 & & & \\
\hline
& [tex]$5 / 15$[/tex] & Paycheck & & & 125.00 & \\
\hline
& [tex]$5 / 17$[/tex] & ATM & 40.00 & & & \\
\hline
006 & [tex]$5 / 20$[/tex] & Tennis Lessons & 56.50 & & & \\
\hline
\end{tabular}

The current balance is [tex]$\$[/tex][tex]$ $[/tex]\square$.



Answer :

GinnyAnswer
Let's solve this problem step-by-step:

1. Initial Balance:
The balance at the start is $82.92.

2. Debits:
- On 5/1, a Monthly Fee of $8.00 is deducted.
- On 5/3, a Phone Bill of $78.24 is deducted.
- On 5/17, an ATM withdrawal of $40.00 is deducted.
- On 5/20, $56.50 is deducted for Tennis Lessons.

To find the total debits:
[tex]\[ 8.00 + 78.24 + 40.00 + 56.50 = 182.74 \][/tex]

3. Deposits:
- On 5/15, there is a deposit from a Paycheck of $125.00.

The total deposits are:
[tex]\[ 125.00 \][/tex]

4. Calculating the Current Balance:
- Start with the initial balance.
- Subtract the total debits.
- Add the total deposits.

Thus:
[tex]\[ 82.92 - 182.74 + 125.00 = 25.18 \][/tex]

Therefore, the current balance is [tex]\( \$25.18 \)[/tex].

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