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

\begin{tabular}{|l|l|l|l|l|l|}
\hline
\textbf{Check Number} & \textbf{Date} & \textbf{Description} & \textbf{Payment/Debit (-)} & \textbf{Deposit/Credit (+)} & \textbf{Balance} \\
\hline
101 & 01/05 & Grocery Store & \[tex]$50.00 & & \$[/tex]761.25 \\
102 & 01/07 & Utility Bill & \[tex]$25.00 & & \$[/tex]736.25 \\
103 & 01/10 & Rent & \[tex]$500.00 & & \$[/tex]236.25 \\
Deposit & 01/15 & & & \[tex]$800.00 & \$[/tex]1,036.25 \\
104 & 01/18 & Restaurant & \[tex]$50.00 & & \$[/tex]986.25 \\
105 & 01/20 & Gas Station & \[tex]$25.00 & & \$[/tex]961.25 \\
Deposit & 01/25 & & & \[tex]$200.00 & \$[/tex]1,161.25 \\
106 & 01/30 & Internet Bill & \[tex]$25.00 & & \$[/tex]1,136.25 \\
\hline
\end{tabular}

According to the table, what is Omar's bank balance?

A. \[tex]$761.25
B. \$[/tex]810.30
C. \[tex]$814.75
D. \$[/tex]1,186.25



Answer :

Sure, let's walk through the steps to find Omar's bank balance using the information provided:

1. Initial Balance: Omar started with an initial balance in his checkbook. We are told this initial balance is [tex]$1,186.25. 2. Processing Checks: Omar wrote several checks, reducing his balance for each transaction. The amounts of these checks are: - $[/tex]250.00
- [tex]$175.50 - $[/tex]320.75
- [tex]$187.25 To find the balance after all checks have been deducted, we sum these values: \[ 250.00 + 175.50 + 320.75 + 187.25 = 933.50 \] We then subtract this total from the initial balance: \[ 1186.25 - 933.50 = 252.75 \] So, after processing the checks, Omar's balance is $[/tex]252.75.

3. Processing Deposits: Omar made several deposits, which increased his balance. The amounts of these deposits are:
- [tex]$200.00 - $[/tex]500.00
- [tex]$461.25 To find the new balance after the deposits, we sum these values: \[ 200.00 + 500.00 + 461.25 = 1161.25 \] We then add this total to the balance after checks: \[ 252.75 + 1161.25 = 1414.00 \] 4. Final Balance: After considering all checks and deposits, Omar's final bank balance is $[/tex]1,414.00

Given the provided options:
- [tex]$761.25 - $[/tex]810.30
- [tex]$814.75 - $[/tex]1,186.25

None of these options match Omar's actual final balance of $1,414.00 based on the ledger activities described.