Answer :
Let's solve the problem step-by-step by analyzing the transactions listed in the ledger and then calculating the final balance.
### Step 1: Initial Balance
Omar's initial balance is [tex]$219.80. ### Step 2: Debits Omar has the following debits: 1. Pharmacy: \$[/tex]15.20
2. Rent: \[tex]$425.00 3. Dinner: \$[/tex]22.30
4. Movie tickets: \[tex]$22.75 To find the total amount debited, sum these values: \[ 15.20 + 425.00 + 22.30 + 22.75 = \$[/tex]485.25 \]
### Step 3: Credits
Omar has the following credit:
1. Paycheck: \[tex]$1,015.50 This is the total amount credited: \[ 1015.50 \] ### Step 4: Calculate the Final Balance We need to subtract the total debits from the initial balance and then add the total credits: \[ \text{Final Balance} = 219.80 - 485.25 + 1015.50 \] ### Step 5: Calculation 1. Subtract the total debits from the initial balance: \[ 219.80 - 485.25 = -265.45 \] 2. Add the total credits to the result: \[ -265.45 + 1015.50 = 750.05 \] Thus, Omar's bank balance is: \[ \$[/tex]750.05 \]
To confirm the provided choices:
\[tex]$761.25 \ \$[/tex]810.30 \
\[tex]$814.75 \ \$[/tex]1,186.25
None of the provided options are correct; the closest and accurate calculated final balance is \$750.05 from our detailed step-by-step solution.
### Step 1: Initial Balance
Omar's initial balance is [tex]$219.80. ### Step 2: Debits Omar has the following debits: 1. Pharmacy: \$[/tex]15.20
2. Rent: \[tex]$425.00 3. Dinner: \$[/tex]22.30
4. Movie tickets: \[tex]$22.75 To find the total amount debited, sum these values: \[ 15.20 + 425.00 + 22.30 + 22.75 = \$[/tex]485.25 \]
### Step 3: Credits
Omar has the following credit:
1. Paycheck: \[tex]$1,015.50 This is the total amount credited: \[ 1015.50 \] ### Step 4: Calculate the Final Balance We need to subtract the total debits from the initial balance and then add the total credits: \[ \text{Final Balance} = 219.80 - 485.25 + 1015.50 \] ### Step 5: Calculation 1. Subtract the total debits from the initial balance: \[ 219.80 - 485.25 = -265.45 \] 2. Add the total credits to the result: \[ -265.45 + 1015.50 = 750.05 \] Thus, Omar's bank balance is: \[ \$[/tex]750.05 \]
To confirm the provided choices:
\[tex]$761.25 \ \$[/tex]810.30 \
\[tex]$814.75 \ \$[/tex]1,186.25
None of the provided options are correct; the closest and accurate calculated final balance is \$750.05 from our detailed step-by-step solution.