Balancing a Check Register 4/7/21

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.

Tags

CCSS.7.NS.A.1C

Front

If Kayla has $106.15 and deposits $75.00, what is her new balance?

Back

$181.15

Tags

CCSS.6.NS.B.3

Front

What is the purpose of balancing a check register?

Back

The purpose of balancing a check register is to ensure that the recorded transactions match the bank's records and to keep track of available funds.

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.

Tags

CCSS.7.NS.A.1C

Front

What is the effect of entering a bill payment in a check register?

Back

Entering a bill payment decreases the account balance by the amount of the payment.

Tags

CCSS.1.NBT.C.4

CCSS.2.MD.B.6

Front

If the account balance is $357.96 and a phone bill of $63.92 is paid, what is the new balance?

Back

$294.04

Tags

CCSS.5.NBT.B.7

Front

What does it mean to reconcile a check register?

Back

Reconciling a check register means comparing the check register with the bank statement to ensure all transactions are accurate and accounted for.

Front

What is a deposit?

Back

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

Tags

CCSS.6.NS.B.3

Front

What is a withdrawal?

Back

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

Tags

CCSS.7.NS.A.1A