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

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Presentation on theme: "Check It Out When you receive a paycheck, you may want to have a checking account. Do you have a checking account?"— Presentation transcript:

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

2 Lesson Objective Calculate the balance in a check register. Content Vocabulary check register balance check register A record of checking account deposits, withdrawal, and electronic transfers. balance The amount of money you have in an account.

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4 Find the new balance after each check or deposit. Balance: $ Deposit: $ New Balance: Amount of Check: $74.38 New Balance: Example 1

5 Balance: $ Deposit: $ New Balance: Amount of Check: $74.38 New Balance: Example 1 Answer Balance + Deposit = $ $ = $ New Balance – Check = $ – $74.38 = $593.24

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

7 Balance: $ Amount of Check: $48.72 Balance: Amount of Check: $17.49 Balance: Example 2 Answer Balance - Check= $ $48.72= $ Balance - Check= $ $17.49=$131.02

8 The previous balance in your check register is $ You make a deposit of $ You write a check for $ What is your new balance? Example 3

9 Step: Figure out the balance. Example 3 Answer $ $75.00 – $45.00 =$ Balance + Deposit - Check=

10 Margaret Millers checking account had a balance of $ She wrote a check for $45.78 on March 2. On March 5 the bank made an automatic transfer (AT) of $ She made a deposit of $ on March 10. What is the new balance in Millers account? Example 4

11 Step: Figure out the balance. Example 4 Answer


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