Personal Checking Account  Step 1: For each transaction described, either write a check or deposit slip. Record all transactions in the sample check register.

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Presentation transcript:

Personal Checking Account  Step 1: For each transaction described, either write a check or deposit slip. Record all transactions in the sample check register.  You opened a personal checking account on September 1. You will be charged a $9.00 service charge each month. Copyright © Notice: The materials are copyrighted © and trademarked ™ as the property of The Curriculum Center for Family and Consumer Sciences, Texas Tech University.

Personal Checking Account  On September 1, you opened your account with a $ deposit received as money earned for a summer job.  On September 4, you wrote a check to ABC Service Station for $24.00 for an oil change.  On September 11, you received a check for $87.00 from your part-time job. You deposited $60.00 and received the remaining $27.00 in cash. Copyright © Notice: The materials are copyrighted © and trademarked ™ as the property of The Curriculum Center for Family and Consumer Sciences, Texas Tech University.

Personal Checking Account  On September 12, you wrote a check for $29.40 to Holland Music for two CDs.  On September 15, you wrote a check for $91.60 to XYZ Insurance for your car insurance.  On September 18, you wrote a check to Just The Right Fit for a clothing purchase of $ Copyright © Notice: The materials are copyrighted © and trademarked ™ as the property of The Curriculum Center for Family and Consumer Sciences, Texas Tech University.

Personal Checking Account  On September 27, you received a check for $81.00 from your part-time job. You deposited $60.00 and received the remaining $21.00 in cash.  On September 28, you used your ATM card to withdraw $25.00 cash. Each ATM withdrawal costs you $1.00. Copyright © Notice: The materials are copyrighted © and trademarked ™ as the property of The Curriculum Center for Family and Consumer Sciences, Texas Tech University.

Personal Checking Account  Step 2: Balance your checkbook using the checks and deposits entered from the previous exercise. Make sure you have recorded all transactions, including the service charge. Copyright © Notice: The materials are copyrighted © and trademarked ™ as the property of The Curriculum Center for Family and Consumer Sciences, Texas Tech University.