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Look at this check register. Calculate the current balance.

\begin{tabular}{|l|c|c|c|c|c|c|}
\hline
Check & Date & Transaction & \begin{tabular}{c}[tex]$(-)$[/tex] \\ Debit \end{tabular} & [tex]$\checkmark$[/tex] & \begin{tabular}{c}(+) \\ Deposit \end{tabular} & Balance \\
\hline
& [tex]$5 / 1$[/tex] & Monthly Fee & 8.00 & & & [tex]$\$[/tex] 82.92[tex]$ \\
\hline
005 & $[/tex]5 / 3[tex]$ & Phone Bill & 78.24 & & & \\
\hline
& $[/tex]5 / 15[tex]$ & Paycheck & & & 125.00 & \\
\hline
& $[/tex]5 / 17[tex]$ & ATM & 40.00 & & & \\
\hline
006 & $[/tex]5 / 20[tex]$ & Tennis Lessons & 56.50 & & & \\
\hline
\end{tabular}

The current balance is $[/tex]\[tex]$[/tex] [tex]$\square$[/tex]



Answer :

GinnyAnswer
Let's go through the transactions step-by-step to calculate the current balance.

1. Starting Balance on 5/1: \[tex]$82.92 2. Monthly Fee on 5/1: - Debit: \$[/tex]8.00
- Balance = \[tex]$82.92 - \$[/tex]8.00 = \[tex]$74.92 3. Phone Bill on 5/3: - Debit: \$[/tex]78.24
- Balance = \[tex]$74.92 - \$[/tex]78.24 = -\[tex]$3.32 4. Paycheck on 5/15: - Deposit: \$[/tex]125.00
- Balance = -\[tex]$3.32 + \$[/tex]125.00 = \[tex]$121.68 5. ATM Withdrawal on 5/17: - Debit: \$[/tex]40.00
- Balance = \[tex]$121.68 - \$[/tex]40.00 = \[tex]$81.68 6. Tennis Lessons on 5/20: - Debit: \$[/tex]56.50
- Balance = \[tex]$81.68 - \$[/tex]56.50 = \[tex]$25.18 Therefore, the current balance is \$[/tex]25.18.

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