Check It Out When you receive a paycheck, you may want to have a checking account. Do you have a checking account?

Lesson Objective Content Vocabulary Write a check. checking account A paper document directing a bank to deduct money from your checking account and make a payment to the person named on the check. checking account A deposit account held at a bank that gives you convenient access to your money. check

Writing a Check

Example 1 Write the following in word form. $65.29 $235.58 4

Example 1 Answer Step: Write the amounts in word form. $65.29 in word form is $235.58 in word form is sixty-five and 29/100 dollars Two hundred thirty-five and 58/100 dollars 5

Example 2 Write each amount in word form with cents expressed as a fraction of a dollar. $88.37 6

Example 2 Answer Step: Write the amounts in word form. $88.37 in word form is eighty-eight and 37/100 dollars 7

Example 3 Write each amount in numerals as it would appear on a check. four hundred sixty-four and 11/100 dollars $464.11 8

Example 4 Margaret Miller is buying a gift at the Department Store on March 23. The cost of the gift is $45.78. Miller is paying by check. How should she write the check? 9

Example 4 Answer: Step 1 Write the date. (All writing should be in pen.) 10

Example 4 Answer: Step 2 Write the name of the person or organization to whom payment will be made. 11

Example 4 Answer: Step 3 Write the amount of the check as a numeral. 12

Example 4 Answer: Step 4 Write the amount of the check in words with cents expressed as a fraction of a dollar. 13

Example 4 Answer: Step 5 Make a notation on the check to indicate its purpose. 14

Example 4 Answer: Step 6 Sign the check. 15

Figure 4.3 16