SECTION 4-2 pp. 169-171 Writing Checks.

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Presentation transcript:

SECTION 4-2 pp. 169-171 Writing Checks

Section Objective Write: a check

Key Words to Know checking account (p. 169) A monetary account that allows the holder to write checks against money that has been deposited into it.

Key Words to Know check (p. 169) A written order that directs a bank to deduct money from your checking account to make a payment.

Fleet Footed Finances p. 169 What does it mean if you bounce a check?

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

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

Example 2 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?

Example 2 Answer: Step 1 Write the date. (All writing should be in pen.)

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

Example 2 Answer: Step 3 Write the amount of the check as a numeral.

Example 2 Answer: Step 4 Write the amount of the check in words with cents expressed as a fraction of a dollar.

Example 2 Answer: Step 5 Make a notation on the check to indicate its purpose.

Example 2 Answer: Step 6 Sign the check.

Figure 4.3

Practice 1 Write each amount in word form with cents expressed as a fraction of a dollar. $88.37

Practice 1 Answer eighty-eight and 37/100 dollars

Practice 2 Write each amount in numerals as it would appear on a check. four hundred sixty-four and 11/100 dollars

Practice 2 Answer $464.11

END OF SECTION 4-2 Writing Checks