SECTION 4-3 Check Registers pp. 172-174

Section Objective Figure out: the balance in a check register

Key Words to Know check register (p. 172) A record you keep of your checking account deposits, withdrawals, and transfers. balance (p. 172) The amount of money you have in an account.

Formula How do I calculate the new balance? Step 1: Step 2: New = Previous – Check – Automatic Balance Balance Amount Transfers Step 2: New Balance = Previous Balance + Deposit Amounts

Example 1 The previous balance in your check register is $345.98. You make a deposit of $75.00. You write a check for $45.00. What is your new balance?

Example 1 Answer Step: Figure out the balance. $345.98 + $75.00 – $45.00 = $375.98

Example 2 Marissa Miller’s checking account had a balance of $313.54. She wrote a check for $45.78 on March 2. On March 5 the bank made an automatic transfer (AT) of $52.55. She made a deposit of $240.32 on March 10. What is the new balance in Miller’s account?

Example 2 Answer Step: Figure out the balance.

Practice 1 Find the new balance after each check or deposit. Amount of Check: $74.38

Practice 1 Answer Balance: $542.62 Deposit: $125.00 New Balance: $667.62 Amount of Check: $74.38 New Balance: $593.24

Practice 2 Find the new balance after each check or deposit. Amount of Check: $48.72 New Balance: Amount of Check: $17.49

Practice 2 Answer Balance: $197.23 Amount of Check: $48.72

Homework Pg. 173-174 : 5-12 END OF SECTION 4-3 Check Registers