Culminating Activity: Keeping a Running Balance

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Culminating Activity: Keeping a Running Balance Record deposits and keep a running balance in the checkbook register below. On May 26, your balance is $527.96. On May 27, you write check #107 to your landlord, Mrs.Wilson, for $226.00. On May 28, you use your check card at Foodland for $22.52. On June 1, you write a check for $156.32 to Bank of Illinois for your car payment. On June 1, you realize your check to the Bank of Illinois should have been for $165.23, so you void the first check and write a new check for $165.23. On June 2, you write a check to Interstate Phone Service for $62.77. On June 2, you use your ATM card to withdraw $20.00. On June 15, you deposit your paycheck for $425.00 at the bank. On June 15, you use your check card at Gifts Plus to buy a $18.99 birthday present for your friend. On June 15, you write a check for $246.45 to State Ranch to cover your insurance premium. On June 22, you transfer $100.00 online from your checking account to your savings account. On June 24, you use your check card at Gas Up to fill up your car. You spend $12.88. On June 28, you use your ATM card to withdraw $30.00 from your checking account

Mrs. Wilson rent John Doe May 27, 2016 226.00 On May 26, your balance is $527.96. On May 27, you write check #107 to your landlord, Mrs.Wilson, for $226.00. 107 May 27, 2016 Mrs. Wilson 226.00 -----Two Hundred & 00/100 ----------------------------- rent John Doe

Transaction Type/Check # Check Book Register Transaction Type/Check # Description Date Debit (-) Credit (+) Balance 527.96 C 107 Rent 5/27 226.00 301.96

On May 28, you use your check card at Foodland for $22.52

Transaction Type/Check # Check Book Register Transaction Type/Check # Description Date Debit (-) Credit (+) Balance 527.96 C 107 Rent 5/27 226.00 301.96 Check Card Groceries 5/28 22.52 279.44 .

On June 1, you write a check for $156 On June 1, you write a check for $156.32 to Bank of Illinois for your car payment.

M. Rocha 108 June 1, 2016 Bank of Illinois 156.32 On May 28, you use your check card at Foodland for $22.52. 108 June 1, 2016 Bank of Illinois 156.32 --One Hundred – Fifty-Six and 32/100--------------------------- M. Rocha Car payment

Transaction Type/Check # Check Book Register Transaction Type/Check # Description Date Debit (-) Credit (+) Balance 527.96 C 107 Rent 5/27 226.00 301.96 Check Card Groceries 5/28 22.52 279.44 C 108 Car Pmt 6/1 156.32 123.12

On June 1, you realize your check to the Bank of Illinois should have been for $165.23, so you void the first check and write a new check for $165.23.

Transaction Type/Check # Check Book Register Transaction Type/Check # Description Date Debit (-) Credit (+) Balance 527.96 C 107 Rent 5/27 226.00 301.96 Check Card Groceries 5/28 22.52 279.44 C 108 Car Pmt 6/1 156.32 123.12 Void Chk

M. Rocha 109 June 1, 2016 Bank of Illinois 165.23 --One Hundred-Sixty-Five and 23/100--------------------------- Voided C108, issued new Check for car pmt M. Rocha

Transaction Type/Check # Check Book Register Transaction Type/Check # Description Date Debit (-) Credit (+) Balance 527.96 C 107 Rent 5/27 226.00 301.96 Check Card Groceries 5/28 22.52 279.44 C 108 Car Pmt 6/1 156.32 123.12 Void Chk C109 165.23 114.21

On June 2, you write a check to Interstate Phone Service for $62.77.

110 M. Rocha June 2, 2016 Interstate Phone Service 62.77 Phone bill --Sixty – Two and 77/100------------------------------------------- M. Rocha Phone bill

Transaction Type/Check # Check Book Register Transaction Type/Check # Description Date Debit (-) Credit (+) Balance 527.96 C 107 Rent 5/27 226.00 301.96 Check Card Groceries 5/28 22.52 279.44 C 108 Car Pmt 6/1 156.32 123.12 Void Chk C109 165.23 114.21 C110 Phone 6/2 62.77 51.44

On June 2, you use your ATM card to withdraw $20.00.

Transaction Type/Check # Check Book Register Transaction Type/Check # Description Date Debit (-) Credit (+) Balance 527.96 C 107 Rent 5/27 226.00 301.96 Check Card Groceries 5/28 22.52 279.44 C 108 Car Pmt 6/1 156.32 123.12 Void Chk C109 165.23 114.21 C110 Phone 6/2 62.77 51.44 ATM Cash 20.00 31.44

On June 15, you deposit your paycheck for $425.00 at the bank.

425.00 June 15, 2016 425.00 425.00

Transaction Type/Check # Check Book Register Transaction Type/Check # Description Date Debit (-) Credit (+) Balance 527.96 C 107 Rent 5/27 226.00 301.96 Check Card Groceries 5/28 22.52 279.44 C 108 Car Pmt 6/1 156.32 123.12 Void Chk C109 165.23 114.21 C110 Phone 6/2 62.77 51.44 ATM Cash 20.00 31.44 Dep Paycheck 6/15 425.00 456.44

On June 15, you use your check card at Gifts Plus to buy a $18 On June 15, you use your check card at Gifts Plus to buy a $18.99 birthday present for your friend.

Transaction Type/Check # Check Book Register Transaction Type/Check # Description Date Debit (-) Credit (+) Balance 527.96 C 107 Rent 5/27 226.00 301.96 Check Card Groceries 5/28 22.52 279.44 C 108 Car Pmt 6/1 156.32 123.12 Void Chk C109 165.23 114.21 C110 Phone 6/2 62.77 51.44 ATM Cash 20.00 31.44 Dep Paycheck 6/15 425.00 456.44 B-Day Present 18.99 437.45

On June 15, you write a check for $246 On June 15, you write a check for $246.45 to State Ranch to cover your insurance premium.

111 State Ranch M. Rocha June 15, 2016 246.45 insurance ---Two Hundred – Forty – Six and 45/100----------------------- M. Rocha insurance

Transaction Type/Check # Check Book Register Transaction Type/Check # Description Date Debit (-) Credit (+) Balance 527.96 C 107 Rent 5/27 226.00 301.96 Check Card Groceries 5/28 22.52 279.44 C 108 Car Pmt 6/1 156.32 123.12 Void Chk C109 165.23 114.21 C110 Phone 6/2 62.77 51.44 ATM Cash 20.00 31.44 Dep Paycheck 6/15 425.00 456.44 B-Day Present 18.99 437.45 C111 Ins Pmt 246.45 191.00

On June 22, you transfer $100.00 online from your checking account to your savings account.

Transaction Type/Check # Check Book Register Transaction Type/Check # Description Date Debit (-) Credit (+) Balance 527.96 C 107 Rent 5/27 226.00 301.96 Check Card Groceries 5/28 22.52 279.44 C 108 Car Pmt 6/1 156.32 123.12 Void Chk C109 165.23 114.21 C110 Phone 6/2 62.77 51.44 ATM Cash 20.00 31.44 Dep Paycheck 6/15 425.00 456.44 B-Day Present 18.99 437.45 C111 Ins Pmt 246.45 191.00 Transfer To Savings 6/22 100.00 91.00

On June 24, you use your check card at Gas Up to fill up your car On June 24, you use your check card at Gas Up to fill up your car. You spend $12.88

Transaction Type/Check # Check Book Register Transaction Type/Check # Description Date Debit (-) Credit (+) Balance 527.96 C 107 Rent 5/27 226.00 301.96 Check Card Groceries 5/28 22.52 279.44 C 108 Car Pmt 6/1 156.32 123.12 Void Chk C109 165.23 114.21 C110 Phone 6/2 62.77 51.44 ATM Cash 20.00 31.44 Dep Paycheck 6/15 425.00 456.44 B-Day Present 18.99 437.45 C111 Ins Pmt 246.45 191.00 Transfer To Savings 6/22 100.00 91.00 Gas 6/24 12.88 78.12

On June 28, you use your ATM card to withdraw $30 On June 28, you use your ATM card to withdraw $30.00 from your checking account

Transaction Type/Check # Check Book Register Transaction Type/Check # Description Date Debit (-) Credit (+) Balance 527.96 C 107 Rent 5/27 226.00 301.96 Check Card Groceries 5/28 22.52 279.44 C 108 Car Pmt 6/1 156.32 123.12 Void Chk C109 165.23 114.21 C110 Phone 6/2 62.77 51.44 ATM Cash 20.00 31.44 Dep Paycheck 6/15 425.00 456.44 B-Day Present 18.99 437.45 C111 Ins Pmt 246.45 191.00 Transfer To Savings 6/22 100.00 91.00 Gas 6/24 12.88 78.12 6/28 30.00 48.12

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