Checks and Balances Tutoring guide: Checks, Check Registers and Deposit Slips

What is a Check? A check is a draft that allows funds to be drawn from an account holder's personal checking account at the account holder's bank.checking account The bank can identify the check by the numbers at the bottom of the check know as routing numbers. Routing Numbers

Check Writing Tips Always use Black or Blue Pen to write a check. Be sure not to leave any blank areas on your check. The safest method is to draw a line though any open spaces. Make sure the amount box (where the amount of the check written in numbers) and the amount line (the amount of the check written in words) match.

date Jane Doe 123 Anywhere St Willamsburg, TX the person or company you are writing the check to Amount of check (numbers) Routing and account numbers Check number your name and address Amount of check (written) your signature What the check is for May 15, Twenty Five Dollars and 15/100 Wal-Mart Jane Doe groceries Parts of the a Check

Check Practice- Handout 1 You spent $40.44 at Wal-Mart on May 5, 2012 on groceries. Write a check to represent the amount spent. Wal-Mart May 5, groceries Jane Doe Forty-four dollars and 44/100 Click here to check your answer.

What is a Deposit Slip? A deposit slip is simply a small form that a bank uses to record a deposit transaction. It includes identification information about the person or organization making the deposit; information about the account the deposit is going into; such as the amount of cash and a list of checks included.

Filling Out a Bank Deposit Slip A-1 Motors Step 4 Amount of cash you want back Step 5 The amount of deposit May 17, Jane Doe Step 1: DateStep 2 List the amount of each item that are being depositing such as cash, and list the checks Step 3: Sum of all the items deposited If

Practice- Deposit Slips You deposited a check in the amount of $ from Mr. Omar Salgado on May 10, He received $ back in cash. May 10, Your signature goes here

What is a Check Register? Check Register: A booklet that is used to keep a record of all your checking related transactions, including checks written and deposits.

3 Most Common Check Register Acronyms DEB - Transactions made with your debit card. D - Deposit Balance forward will increase as you add a check into your account ATM - Transactions made through you ATM card Check Numbe rDateDescription of Tranaction Payment/Debit (-) FeeDeposit/Credit (+) /4/2012Nissan Auto Group$ $ ATM4/5/2012Cash-ATM$ $ DB4/6/2012Denny’s$43.00 $ D4/10/2012Cash Deposit $ $ /15/2012Target$75.00 $932.51

Using the Check Register above fill in the following transactions: Starting balance of $ Check #101 written for $ to Nissan Auto Group on 4/4/12 for your April car payment. ATM withdraw for $50.00 on 4/5/12 A debit purchase in the amount of $43.00 at Olive Garden on 4/6/2012. A cash deposit in the amount of $400 on 4/10/12. Check # 102 written in the amount of $ to Wal-Mart for grocery on 4/15/12. What is your end balance _____________________________? Check Register Practice

Answer for Check Register Practice Check NumberDateDescription of Transaction Payment /Debit (-) Fe e Deposit/Credit (+) /4/2012Nissan Auto Group$ $ ATM4/5/2012Cash-ATM$50.00 $ DB4/6/2012Olive Garden$43.00 $ D4/10/2012Cash Deposit $ $ /15/2012Wal-Mart$75.00 $ How did you do?

IRS May 18, 2012 D 5/17 IRS /15 Wal-Mart D 5/18 Wendy’s Jane Doe Tip: If you receive cash back, you must sign the cash received line. If you receive cash back, the amount in the Net Deposit box, is entered in the register. REMEMBER

Sources Check Tips: Part of a Check image : led.gif led.gif Part of a Deposit Slip: eck&view=detail&id=DA5104E941BD6A747C226CBD DDE0E30B27D21E58&first=0 eck&view=detail&id=DA5104E941BD6A747C226CBD DDE0E30B27D21E58&first=0