Lyonell has kept track of his income and expenses for the week in the spreadsheet below. How much did Lyonell spend on theater tickets?

\begin{tabular}{|c|c|c|c|}
\hline 1 & Transaction & Amount & Total \\
\hline 2 & Beginning balance & & [tex]$\$[/tex] 430.57[tex]$ \\
\hline 3 & Groceries & $[/tex]-\[tex]$ 57.19$[/tex] & \\
\hline 4 & Rebate check & [tex]$\$[/tex] 15.00[tex]$ & \\
\hline 5 & Gas & -\$[/tex] 22.30 & \\
\hline 6 & Theater tickets & & \\
\hline 7 & Paycheck & \[tex]$ 377.82 & \\
\hline 8 & Ending balance & & $[/tex]\[tex]$ 695.15$[/tex] \\
\hline
\end{tabular}

A. \[tex]$ 48.75
B. \$[/tex] 117.24
C. \[tex]$ 252.84
D. \$[/tex] 381.82



Answer :

To determine how much Lyonell spent on theater tickets, we need to work through his transactions step-by-step and find the missing amount.

Here are Lyonell's transactions as listed:
1. Beginning balance: \[tex]$430.57 2. Groceries expense: -\$[/tex]57.19
3. Rebate check: \[tex]$15.00 (income) 4. Gas expense: -\$[/tex]522.30
5. Paycheck: \[tex]$5377.82 (income) 6. Ending balance: \$[/tex]695.15

First, we will calculate the total known balance before including the theater tickets expense. We add up Lyonell's beginning balance, groceries expense, rebate income, gas expense, and paycheck.

[tex]\[ \begin{aligned} \text{Known Transactions Total} = & (\$430.57) + (-\$57.19) + (\$15.00) + (-\$522.30) + (\$5377.82) \\ = & \$430.57 - \$57.19 + \$15.00 - \$522.30 + \$5377.82 \\ = & \$4243.90 \end{aligned} \][/tex]

Next, we compare the total after known transactions to the ending balance:

[tex]\[ \begin{aligned} \text{Theater Tickets Expense} = & \text{Known Transactions Total} - \text{Ending Balance} \\ = & \$4243.90 - \$695.15 \\ = & \$4548.75 \\ \end{aligned} \][/tex]

Thus, the amount spent on theater tickets is \$4548.75.