The total remaining bank balance in the account of Omar after reducing all the debit and adding paycheck is $761.25
The money which is paid from an account is called the debit amount and the money which is paid into an account is called the credit amount.
To know the remaining balance of account, all the debit amount is subtracted from it and all the credit amount is added into it.
The table for the Omar's transaction is attached below. The data given in the table is,
The initial balance is $219.80, and a pay check of $1015.50 is credited in his account. Thus, the total balance in his account without any debit is,
[tex]A_i=1015.50+219.80\\A_i=1253.30[/tex]
The total amount debited from the account of Omar is,
[tex]A_d=15.20+425.00+22.30+26.70\\A_d=474.05[/tex]
Thus, the total remaining amount in his account is,
[tex]A=1253.3-474.05\\A=761.25[/tex]
Hence, the total remaining bank balance in the account of Omar after reducing all the debit and adding paycheck is $761.25
Learn more about the debit and credit amount here
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