6.14C - Balancing a Check Register

Front

What is a check register?

Back

A check register is a record used to track all transactions in a checking account, including deposits, withdrawals, and the current balance.

Front

How do you calculate the new balance after a deposit?

Back

To calculate the new balance after a deposit, add the amount of the deposit to the current balance.

Front

How do you calculate the new balance after a withdrawal?

Back

To calculate the new balance after a withdrawal, subtract the amount of the withdrawal from the current balance.

Front

What is a deposit?

Back

A deposit is an amount of money added to a bank account.

Front

What is a withdrawal?

Back

A withdrawal is an amount of money taken out of a bank account.

Front

If you have $106.15 and deposit $75.00, what is your new balance?

Back

$181.15

Front

If you have $546.24 and write a check for $100.35, what is your new balance?

Back

$445.89

Front

What happens when you write a check?

Back

Writing a check results in a withdrawal from your checking account.

Front

What is the purpose of a check?

Back

A check is a written order directing a bank to pay a specific amount of money from the writer's account to the person or entity named on the check.

Front

What should you do if you make a mistake in your check register?

Back

If you make a mistake in your check register, correct it immediately by crossing out the error and writing the correct information.