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].