CFM 10-19-15

Learning Goals I can do well on the reading quiz Ch. 11 pg. 353-355 I can complete the 3 alternative ways to reach a goal worksheet. I can correctly write a check. HW: Read Ch. 11 pg. 356

Vocabulary Payor/Payer Check Number Date Payee (Pay to the order of) $ Dollars Memo Signature Routing Number Account Number Banking Institution Information Check Registar

Vocabulary Date: The date the check is written. Check Number: Check Identification number Payer’s Information: Name, Address, and sometimes the phone number of the person that owns the account. Pay to the Order of: Write the name of the company or person that will receive the payment. (In order to prevent fraud, it is a good idea to draw a line to the end, after you write the payee’s name.)

Vocabulary $: The amount of the check in numerical format. (It should be in numbers, such as $21.45.) Dollars: Fill-in the amount of the check in words, such as twenty-one and 45/100. (In order to prevent fraud, it is a good idea to draw a line to the end after you have written the check amount.) Memo: Use this area to write yourself a note that explains why you wrote the check or to record the account number of the bill. (This section does not need to be completed for the check to be valid.)

Vocabulary Signature: Your signature validates your check. Routing Number: The code that identifies your banking institution. (It is also used to process automated transfers, such as direct deposit.) Account Number: Your unique checking account number. Banking Institution Information: Name and address of the bank that supports the check.

Practice Writing the Check Amount $23.00 $397.33 $1006.29 $90.45

Practice Writing the Check Amount $23.00 Twenty-Three and 00/100 $397.33 Three Hundred Ninety-Seven and 33/100 $1006.29 One Thousand Six and 29/100 $90.45 Ninety and 45/100

Write a Check December 2, 2014 to Edwards-Knox Central School for $355.00 to receive a graduation certificate. December 7, 2014 to Verizon for $94.34 to pay your monthly phone bill December 12, 2014 to National Geographic for a 2 year subscription to their magazine for $47.99.

Recording Your Checking Activity Check Register

Review Checks Deposit Slip Register CFM Review Checks Deposit Slip Register

Review Checks

Learning Goal I can fill out a bank deposit slip I can fill out a check register

Vocabulary Deposit Deposit Ticket/Slip Check Register

Deposit - a sum of money placed or kept in a bank account. or a sum payable as a first installment on the purchase of something or as a pledge for a contract, the balance being payable later. Deposit Ticket/Slip – a standard form used to make a deposit that include all accounting information. Check Register – a journal used to record all of the checks, cash payments, and outlays of cash during an accounting period.

Back Deposit Slip Front

Deposit Slip Back Front #1225 582.43 January 5, 2015 582.43 582.43 Deposit: A check (#1225) from Work - $582.43

Deposit Slip Back Front #1225 582.43 January 5, 2015 James C. Morrison 50.00 532.43 Deposit: A check (#1225) from Work - $582.43 and withdrawal $50.00 cash Note: you must sign the deposit slip!

Deposit Slip Back Front #1225 582.43 335 26.00 January 5, 2015 854 225.45 251.45 833.88 833.88 Deposit: A check (#1225) from Work - $582.43 A check (#335) from Marty - $26.00 A check (#854) from Mary - $225.45 251.45

Check Register

Check Register Check number Reason for transaction Starting balance Check amount Date of transaction Transaction amount Note: one transaction per line New balance Deposit amount

Check Register 301.22 Deposit - Work 582.43 582.43 883.65 245 SLC SWD 12/15/14 Deposit - Work 582.43 582.43 883.65 245 12/15/14 SLC SWD 38.66 -38.66 844.99 Deposit -Marty - Stationary 26.00 26.00 12/18/14 870.99 246 JC Penny 138.55 -138.55 12/24/14 732.44 Deposit – Mary - Cleaning 225.45 225.45 12/30/14 957.89 12-15-14 Deposit a check (#1225) from Work - $582.43 12-15-14 Write a check (#245) to SLC SWD - $38.66 12-18-14 Deposit a check (#335) from Marty - $26.00 12-24-14 Write a check (#246) to JC Penny - $138.57 12-30-14 Deposit a check (#854) from Mary - $225.45

Practice Write a check, write a deposit slip and fill in the check register for the given worksheet.

Checking Worksheet CFM – Gault Name __________________________________ Date ________ Directions: Use the check, deposit, and register templates to complete the banking activity listed below. You have an ending balance of $638.23 from your last transaction.   Checks Written 12-01-14 Tripp Propane $278.68 house tank 12-06-14 Price Chopper $177.89 party food 12-12-14 Tractor Supply $45.13 lawnmower tire 12-15-14 Canton Mobil $33.00 car gas Deposits 12-04-14 #11254 $45.00 K-Mart Rebate 12-06-14 #3345 $356.33 Work 12-06-14 #453 $50.00 B-Day check 12-15-14 Cash $65.00 from parents

101 Jan 14, 2015 Verizon 119.54 One Hundred Nineteen and 54/100 --------------------- Dec Phone Bill 101

Michael C Gault 101 Jan 14, 2015 Verizon One Hundred Nineteen and 54/100 --------------------- Michael C Gault Dec Phone Bill 101

Michael C Gault 101 Jan 14, 2015 Verizon 119.54 One Hundred Nineteen and Fifty-Four ----------------- Michael C Gault Dec Phone Bill 101

2235 38.24 January 14, 2015 38.24

2235 38.24 January 14, 2015 Michael C Gault 38.24 38.24

January 14, 2015 50.00