WorksheetsBalancing a Checkbook
Total questions: 20
Worksheet time: 10mins
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.
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.
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
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
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.
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
8. Which of the following is not considered a debit?
Online bill payment
Check cashed
Interest earned
ATM withdrawal
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
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
11. Bess wrote four checks last month, and these were the only transactions for her checking account. According to her check register, her balance is $869.96, but the bank statement she just received says her balance is $1054.13. If the four checks were for $175.17, $175.35, $184.17, and $184.35, the check for which amount has not yet cleared?
$175.17
$175.35
$184.17
$184.35
12. The beginning balance on the monthly bank statement for Ignatius' checking account was $124.82, and the ending balance was $659.27. What can be said about Ignatius' transactions for the month?
He had $534.45 more in credits than in debits.
He had $534.45 more in debits than in credits.
He had $784.09 more in credits than in debits.
He had $784.09 more in debits than in credits.
13. Katrina's bank statement shows a closing balance of $140.62. There are no outstanding checks or deposits. Her checkbook shows a balance of $145.62. What might account for different balances?
Monthly service fee of $5.00
Interest earned in the amount of $5.35
A direct deposit of $ 5.00
Transposing of numbers
14. What does the set of numbers below the check represent?
An account number
The bank's routing number
The check serial number
The checkbook number
15. If you are going to write a check, where do you put your signature?
(Please refer to the parts of the check represented by letters.)
A
B
C
D
16. What do you call the same numbers written above and below the check?
The account number
The routing number
The check number
The checkbook number
17. What do you write in C as shown in the check?
The payee
The amount of the check
The purpose of the check
Your signature
18. What is being represented by the set of numbers in the check as shown?
The account number
The routing number
The check number
The checkbook number
19. In which part of the check are you going to write the amount of the check in words?
A
B
C
D
20. Which of the following would not go in the debit column of a check register?
A direct deposit
An online bill payment
A bank fee
An outstanding check
