Check Registers pp SECTION

Click to edit Master text styles Second level Third level Fourth level Fifth level 2 SECTION Copyright © Glencoe/McGraw-Hill MBA, Section 4-3, Slide 2 of Section Objective Figure out: the balance in a check register

Click to edit Master text styles Second level Third level Fourth level Fifth level 3 SECTION Copyright © Glencoe/McGraw-Hill MBA, Section 4-3, Slide 3 of check register (p. 172) A record you keep of your checking account deposits, withdrawals, and transfers. balance (p. 172) The amount of money you have in an account. Key Words to Know

Click to edit Master text styles Second level Third level Fourth level Fifth level 4 SECTION Copyright © Glencoe/McGraw-Hill MBA, Section 4-3, Slide 4 of How do I calculate the new balance? Step 1: New =Previous – Check – Automatic BalanceBalanceAmountTransfers Step 2: New Balance = Previous Balance + Deposit Amounts Formula

Click to edit Master text styles Second level Third level Fourth level Fifth level 5 SECTION Copyright © Glencoe/McGraw-Hill MBA, Section 4-3, Slide 5 of Fleet Footed Finances p. 172 Why is it good to get in the habit of tracking the money in your checking account?

Click to edit Master text styles Second level Third level Fourth level Fifth level 6 SECTION Copyright © Glencoe/McGraw-Hill MBA, Section 4-3, Slide 6 of The previous balance in your check register is $ You make a deposit of $ You write a check for $ What is your new balance? Example 1

Click to edit Master text styles Second level Third level Fourth level Fifth level 7 SECTION Copyright © Glencoe/McGraw-Hill MBA, Section 4-3, Slide 7 of Step: Figure out the balance. $ $75.00 – $45.00 = $ Example 1 Answer

Click to edit Master text styles Second level Third level Fourth level Fifth level 8 SECTION Copyright © Glencoe/McGraw-Hill MBA, Section 4-3, Slide 8 of Margaret Miller’s 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 Miller’s account? Example 2

Click to edit Master text styles Second level Third level Fourth level Fifth level 9 SECTION Copyright © Glencoe/McGraw-Hill MBA, Section 4-3, Slide 9 of Step: Figure out the balance. Example 2 Answer

Click to edit Master text styles Second level Third level Fourth level Fifth level 10 SECTION Copyright © Glencoe/McGraw-Hill MBA, Section 4-3, Slide 10 of Find the new balance after each check or deposit. Balance: $ Deposit: $ New Balance: Amount of Check: $74.38 New Balance: Practice 1

Click to edit Master text styles Second level Third level Fourth level Fifth level 11 SECTION Copyright © Glencoe/McGraw-Hill MBA, Section 4-3, Slide 11 of Balance: $ Deposit: $ New Balance: $ Amount of Check: $74.38 New Balance: $ Practice 1 Answer

Click to edit Master text styles Second level Third level Fourth level Fifth level 12 SECTION Copyright © Glencoe/McGraw-Hill MBA, Section 4-3, Slide 12 of Find the new balance after each check or deposit. Balance: $ Amount of Check: $48.72 New Balance: Amount of Check: $17.49 New Balance: Practice 2

Click to edit Master text styles Second level Third level Fourth level Fifth level 13 SECTION Copyright © Glencoe/McGraw-Hill MBA, Section 4-3, Slide 13 of Balance: $ Amount of Check: $48.72 Balance: $ Amount of Check: $17.49 Balance: $ Practice 2 Answer

Check Registers 4-3 END OF SECTION