Bank Statements - Credits vs Debits

Bank Statements - Credits vs Debits

Before we begin...

• You are starting out with $100 in your bank account

• Each question will detail a debit or credit

• You will either subtract the $ from your account (Debit)

• Or you will add the $ to your account (Credit)

Multiple Choice

Practice Question

You have $100 in your account. You spend $10 at Taco Bell, what is your new account balance?

• $90.00

• $100.00

Practice Question

• Spending money is a debit

• Therefore you should subtract $10 from your account balance

• $100 - $10 = $90

• Now try a few on your own

Multiple Choice

You have $90 in your account:

After watching your neighbors pet snail, she pays you $25, what is your new account balance?

• $65

• $115

Multiple Choice

You have $115 in your account:

You pay $15 to get your car washed, what is your new account balance?

• $100

• $130

Multiple Choice

You have $100 in your account:

You pay $60 for the electric bill, what is your new account balance?

• $40

• $140

Multiple Choice

You have $40 in your account:

You pay $20 for movie tickets and popcorn, what is your new account balance?

• $20

• $60

Multiple Choice

You have $20 in your account:

Your receive your weekly paycheck for you job worth $200, what is your new account balance?

• $0

• $220