checkbook practice

1. The beginning balance on the monthly bank statement for Joaquin's checking account was $393.05, and the ending balance was $244.67. What can be said about Joaquin's transactions for the month?

• He had $148.38 more in credits than in debits.

• He had $148.38 more in debits than in credits.

• He had $637.72 more in credits than in debits.

• He had $637.72 more in debits than in credits.

Tags

CCSS.7.EE.B.3

CCSS.7.NS.A.1

CCSS.7.NS.A.3

2. Rory wrote a check for $85 to pay his monthly credit card bill, but when balancing his checkbook, he accidentally recorded it as a credit rather than as a debit. How will his check register compare to his monthly bank statement when he receives it?

• The balance in his check register will be $85 over the balance on his bank statement.

• The balance in his check register will be $85 under the balance on his bank statement.

• The balance in his check register will be $170 over the balance on his bank statement.

• The balance in his check register will be $170 under the balance on his bank statement.

Tags

CCSS.7.EE.B.3

CCSS.7.NS.A.1

CCSS.7.NS.A.3

3. Which of these would appear in the Credits column of a bank statement for a checking account?

• An ATM withdrawal

• A direct deposit

• An online bill payment

• Bank fees

Tags

CCSS.6.NS.C.5

4. Which of these would appear in the Debits column of a bank statement for a checking account?

• A transfer of funds into the account

• A direct deposit

• Interest earned

• An online bill payment

5. Enrico wrote four checks last month, and these were the only transactions for his checking account. According to his check register, his balance is $893.48, but the bank statement he just received says his balance is $1076.32. If the four checks were for $173.75, $173.84, $182.75, and $182.84, the check for which amount has not yet cleared?

• $173.75

• $173.84

• $182.75

• $182.84

Tags

CCSS.7.EE.B.3

CCSS.7.NS.A.1

CCSS.7.NS.A.3

6. The beginning balance on the monthly bank statement for Ike's checking account was $194.58, and the ending balance was $371.93. What can be said about Ike's transactions for the month?

• He had $177.35 more in credits than in debits.

• He had $177.35 more in debits than in credits.

• He had $566.51 more in credits than in debits.

• He had $566.51 more in debits than in credits.

Tags

CCSS.7.EE.B.3

CCSS.7.NS.A.1

CCSS.7.NS.A.3

7. Sigmund wrote four checks last month, and these were the only transactions for his checking account. According to his check register, his balance is $887.79, but the bank statement he just received says his balance is $1065.27. If the four checks were for $168.48, $168.93, $177.48, and $177.93, the check for which amount has not yet cleared?

• $168.48

• $168.93

• $177.48

• $177.93

Tags

CCSS.7.EE.B.3

CCSS.7.NS.A.1

CCSS.7.NS.A.3

8. Which of the following is not considered a debit?

• Online bill payment

• Check cashed

• Interest earned

• ATM withdrawal

Tags

CCSS.6.NS.C.5

9. Mia's bank statement shows a closing balance of $75.65. There are no outstanding checks or deposits. Her checkbook shows a balance of $77.95. What might account for different balances?

• Interest earned in the amount of $1.35

• Monthly service fee of $2.30

• Transposing of numbers

• None of the above

Tags

CCSS.7.EE.B.3

CCSS.7.NS.A.1

CCSS.7.NS.A.3

10. Which of these would appear in the Debits column of a bank statement for a checking account?

• A transfer of funds into the account

• A direct deposit

• Interest earned

• An online bill payment

Tags

CCSS.6.NS.C.5