Account Register Practice

• The total amount of money that a person or organization has in their savings or checking account after all funds from deposits and credits have been added and all charges and debts have been subtracted.

To take money out of an account or keep a record of this

• An entry recording a sum received, listed on the right-hand side or column of an account.

When you move funds into a checking account at a bank or credit union. In the case of adding money into an bank account

Removing funds from a bank account, savings plan, pension, or trust.

Directions: Record the following transactions on a checking account register.

1. Beginning Balance in Tracy’s checking account - $300 

2. Tracy paid Sneaker World $63 for new sneakers on Oct. 15 with a debit card 

3. Tracy deposited her paycheck on Oct. 21 in the amount of $43.25, What is her new balance?

4. Tracy wrote check #101 for $17.75 to Randy’s Records on Oct. 25, what is her new balance?

5. Tracy wrote check #102 for $9.45 to Brandon’s Books on Oct. 25, what is her new balance?

Now let's try this together! :) Previous balance: $253.05

6. Tracy made a withdrawal of $20.00 using her ATM card at TD Bank on Oct. 25    

7. Tracy deposited her paycheck on Nov. 5 in the amount of $43.25, what is her new balance?

8. Tracy wrote check #103 for $18.00 to her school to add money to her lunch account on Nov. 6, what is her new balance?

What is the amount paid to Netflix and the balance after the transaction?