Question

Look at the table below showing an example of a checkbook ledger. a 6-column table has 5 rows. the first column is labeled check number with entries blank, blank, 156, blank, blank. the second column is labeled date with entries 9/15, 9/16, 9/18, 9/18, 9/18. the third column is labeled description with entries pharmacy, paycheck, rent, dinner, movie tickets. the fourth column is labeled amount debited with entries (in dollars) 15.20, blank, 425, 22.30, 26.75. the fifth column is labeled amount credited with entries blank, 1,015.50 dollars, blank, blank, blank. the sixth column is labeled balance with entries 219.80 dollars, blank, blank, blank, blank. according to the table, what is omar’s bank balance? $761.25 $810.30 $814.75 $1,186.25

Answer 1

The total remaining bank balance in the account of Omar after reducing all the debit and adding the paycheck is $761.25.

What do you mean by debit and credit amount?

The money which is paid from an account is called the debit amount and the money which is paid into an account is called the credit amount.

To know the remaining balance of the account, all the debit amount is subtracted from it and all the credit amount is added to it.

The data given in the table is,

Pharmacy       - $15.20-Debited

Rent                - $425.00-Debited

Dinner             - $22.30-Debited

Movie Ticket  - $26.70-Debited

Pay Check     - $1015.50-Credited

Initial Balance- $219.80

The initial balance is $219.80, and a paycheck of $1015.50 is credited to his account. Thus, the total balance in his account without any debit is,

$\rm A_i=1015.50+219.80\\\\A_i=1253.30$

The total amount debited from their account of Omar is,

$\rm A_d=15.20+425+22.30+26.70\\\\A_d=474.05$

Thus, the total remaining amount in his account is,

$\rm A= 1253.3-474.05\\\\A=761.25$

Hence, the total remaining bank balance in the account of Omar after reducing all the debit and adding the paycheck is $761.25.

Learn more about the debit and credit amounts here;

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