Keeping a running balance

1. What was your account balance on June 8?

(a)  

2. Could you have written check #163 on June 6 instead of June 26?

• Yes

• No

Answer explanation

No — the payment was $1000.00, but the account balance on June 6 was only $395.74

3. The love of your life has been in a bad mood lately, and you think an expensive present might help. You’ve found a leather jacket on sale for $189.00. Can you afford to buy the jacket on June 10?

• No

• Yes

3. The love of your life has been in a bad mood lately, and you think an expensive present might help. You’ve found a leather jacket on sale for $189.00. What will your account balance be if you do? How much overdrawn would you be?

(a)  

The hottest new band in town has just released a CD. It costs $21.99. Can you afford to buy the CD on June 5?

• Yes

• No

The hottest new band in town has just released a CD. It costs $21.99. What will your account balance be if you bought the CD?

(a)  

5. What was your account balance after you withdrew $20.00 on June 27?

(a)  

6. What was the amount of check #161?

(a)  

6. Whom did you write check #161 to?

• SoundOut

• CellUSA

• City Transport

• ACH

• Foodland Groceries

6. What was check #161 for?

• new electronics

• phone bill

• City Transport

• food

• clothes