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    Use a check register to keep track of all checks written, deposits made, and the current balance of a bank account. When writing a check, record the check number, date, description, amount in the payment column and subtract it from the balance. When making a deposit, record the date, description, and amount in the deposit column and add it to the balance. Practice making deposits and payments in a sample check register to calculate the updated balance.

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    Use a check register to keep track of all checks written, deposits made, and the current balance of a bank account. When writing a check, record the check number, date, description, amount in the payment column and subtract it from the balance. When making a deposit, record the date, description, and amount in the deposit column and add it to the balance. Practice making deposits and payments in a sample check register to calculate the updated balance.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    31 views1 page

    Keeping Track Practice

    Uploaded by

    api-248223096
    Use a check register to keep track of all checks written, deposits made, and the current balance of a bank account. When writing a check, record the check number, date, description, amount in the payment column and subtract it from the balance. When making a deposit, record the date, description, and amount in the deposit column and add it to the balance. Practice making deposits and payments in a sample check register to calculate the updated balance.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
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    Keeping Track of Your Checks

    Your bank will give you a check register with your checks.
    Use the register to keep track of the checks you write.
    Use it to keep track of the deposits you make.
    Use it to keep track of how much money is in your account.
    Debits:
    ( - )

    When you write a check, record it in your check register.


    Write the amount under the payment, or debit, column.
    Subtract this amount from your balance.
    If you pay a fee per check, remember to subtract that, too.

    Credits:
    ( + )

    When you make a deposit, record it in your check register.


    Write the amount under the deposit, or credit, column.
    Add this amount to your balance.
    Check Register

    Check
    No.
    1503

    Date
    5/31
    6/5

    1504

    6//8
    6/13

    1505

    6/16

    Description of Transaction
    Walmart
    groceries
    Deposit
    payroll
    Golf Pro
    Fathers day gift
    ATM withdrawal
    Dinner with Kim
    Target optical
    contacts

    Payment
    (Debit)

    Deposit
    (Credit)

    23.86

    Balance
    625.13
    23.86
    601.27
    + 512.03
    1113.30
    - 36.42
    1076.88
    - 20.00
    1056.88
    - 63.00
    993.88
    -

    512.03
    36.42
    20.00
    63.00

    Your Turn to Practice


    Write in these transactions on the check register.
    1. On June 21 you make a deposit of $100.00.
    2. On June 24 you write a check to AT & T for $54.48.
    3. On June 30 you get a haircut from The Clip Joint for $20.81.
    What is your balance now? __________________________

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