1. Deposits pp. 166-168 4-1 SECTION

2. Click to edit Master text styles Second level Third level Fourth level Fifth level 2 SECTION Copyright © Glencoe/McGraw-Hill MBA, Section 4-1, Slide 2 of 15 4-1 Section Objective Compute: total checking account deposit

3. Click to edit Master text styles Second level Third level Fourth level Fifth level 3 SECTION Copyright © Glencoe/McGraw-Hill MBA, Section 4-1, Slide 3 of 15 4-1 deposit (p. 166) Money put into a bank account. automatic teller machine (ATM) (p. 166) A bank machine that allows you to deposit or withdraw money electronically using a card. Key Words to Know

4. Click to edit Master text styles Second level Third level Fourth level Fifth level 4 SECTION Copyright © Glencoe/McGraw-Hill MBA, Section 4-1, Slide 4 of 15 4-1 personal identification number (PIN) (p. 166) A personal number on a bankcard that gives you access to your bank account electronically. Key Words to Know

5. Click to edit Master text styles Second level Third level Fourth level Fifth level 5 SECTION Copyright © Glencoe/McGraw-Hill MBA, Section 4-1, Slide 5 of 15 4-1 Total Deposit = (Currency + Coin + Checks) – Cash Received Formula

6. Click to edit Master text styles Second level Third level Fourth level Fifth level 6 SECTION Copyright © Glencoe/McGraw-Hill MBA, Section 4-1, Slide 6 of 15 4-1 What’s the purpose of a deposit slip? Fleet Footed Finances p. 166

7. Click to edit Master text styles Second level Third level Fourth level Fifth level 7 SECTION Copyright © Glencoe/McGraw-Hill MBA, Section 4-1, Slide 7 of 15 4-1 Margaret Miller makes a deposit at an ATM. She has a check for $235.42 and a check for $55.47. She would like to receive $40 in cash and deposit the rest in her checking account. What is her total deposit? Example 1

8. Click to edit Master text styles Second level Third level Fourth level Fifth level 8 SECTION Copyright © Glencoe/McGraw-Hill MBA, Section 4-1, Slide 8 of 15 4-1 Step: Compute the total checking account deposit. (Currency + Coin + Checks) – Cash Received ($235.42 + $55.47) – $40.00 = $250.89 Example 1 Answer

9. Click to edit Master text styles Second level Third level Fourth level Fifth level 9 SECTION Copyright © Glencoe/McGraw-Hill MBA, Section 4-1, Slide 9 of 15 4-1 Manuel Romeo has checks for $435.20, $271.19, and $327.96. He has cash consisting of 15 one-dollar bills, 7 five-dollar bills, 3 ten-dollar bills, 24 quarters, 5 dimes, 15 nickels, and 14 pennies. He would like to keep $75 in cash. What is his total deposit? Example 2

10. Click to edit Master text styles Second level Third level Fourth level Fifth level 10 SECTION Copyright © Glencoe/McGraw-Hill MBA, Section 4-1, Slide 10 of 15 4-1 Step: Compute the total deposit. Currency: $15 + (7 × $5) + (3 × $10) = $80 Coins: (24 × $0.25) + (5 × $0.10) + (15 × $0.05) + $0.14 = $7.39 Checks: $435.20 + $271.19 + $327.96 = $1,034.35 ($80 + $7.39 + $1,034.35) – $75 = $1,046.74 Example 2 Answer

11. Click to edit Master text styles Second level Third level Fourth level Fifth level 11 SECTION Copyright © Glencoe/McGraw-Hill MBA, Section 4-1, Slide 11 of 15 4-1 Find the total deposit. $82.63 + $14.28 + $155 Practice 1

12. Click to edit Master text styles Second level Third level Fourth level Fifth level 12 SECTION Copyright © Glencoe/McGraw-Hill MBA, Section 4-1, Slide 12 of 15 4-1 $251.91 Practice 1 Answer

13. Click to edit Master text styles Second level Third level Fourth level Fifth level 13 SECTION Copyright © Glencoe/McGraw-Hill MBA, Section 4-1, Slide 13 of 15 4-1 Checks: $426.19 and $827.43 Cash: 24 one-dollar bills, 8 five-dollar bills, and 11 ten-dollar bills Coins: 18 quarters, 52 dimes, 57 nickels, and 15 pennies. Practice 2

14. Click to edit Master text styles Second level Third level Fourth level Fifth level 14 SECTION Copyright © Glencoe/McGraw-Hill MBA, Section 4-1, Slide 14 of 15 4-1 $1,440.32 Practice 2 Answer

15. Deposits 4-1 END OF SECTION Page Turner Tutorials/Sessions/Training