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Balancing a Check Register Review

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Last updated about 3 hours ago
15 questions
Note from the author:
Vocabulary - For each definition, identify the correct term.
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Identifying Transactions - sort each situation as a deposit, withdrawal, or transfer.
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Balancing Check Registers - for each register, answer the questions.
Complete each task.
Complete each task.
Question 1
1.
A __________ is a transaction in which a sum of money is put into a bank account by the account owner.
Question 2
2.
A __________ is a transaction in which a money is subtracted from a bank account by the account owner.
Question 3
3.
A __________ is a transaction in which money can be moved between accounts (such as from savings to checking) that are owned by the same account owner.
Question 4
4.
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Deposit
Withdrawal
Transfer
Haddon is watching his neighbors dog while they are out of town. At the end of the week, they pay him $45 in cash. He decides to put the money in his savings account.
Belle is shopping online for her dog's food. She pays and then it is delivered a few days later.
Gabriella saves $200 per paycheck automatically by moving money from her checking account to her savings account.
Cullen goes to the ATM and takes $40 cash out to buy new school supplies for the year.
Jennifer stops at the grocery store to buy milk. At the check-out, she uses her card to pay for the milk and take $20 cash back.
Samuel receives his paycheck electronically every other Friday. The money is automatically put into his account.
Darnell has been saving for his college expenses. In August his tuition is due, so he moves his savings into his checking account to pay the bill.
On the 5th of the month, Smalltown Electric debits Veronica's checking account, and the funds are applied to her monthly bill.
Angela is behind on tracking her transactions. She listed all of the iterms, but she still needs to determine her checking account balance.
Question 5
5.

Enter the balance after 7/5. (Do not enter the $.)

Question 6
6.

Enter the balance after 7/7. (Do not enter the $.)

Question 7
7.

Enter the balance after 7/12. (Do not enter the $.)

Question 8
8.

Enter the balance after 7/15. (Do not enter the $.)

Question 9
9.

Enter the balance after 7/18. (Do not enter the $.)

Question 10
10.

Enter the balance after 7/18. (Do not enter the $.)

Mr. Smith balances his checkbook at the end of each month. He has a few missing items in the check register. Determine the missing amounts.
Question 11
11.

Enter the balance after the paycheck was deposited on 6/7. (Do not enter the $.)

Question 12
12.

Enter the amount that rent must have cost based on the previous balance. (Do not enter the $.)

Question 13
13.

Enter the balance after the electricity bill was paid on 6/9. (Do not enter the $.)

Question 14
14.

Enter the amount groceries must have cost based on the previous balance. (Do not enter the $.)

Question 15
15.

Enter the amount the paycheck on 6/14 must have been based on the previous balances. (Do not enter the $.)