Personal Finance – 3/30/17

I. Bellwork:

A.  Show your work

1. You have $1200 in your account. You write checks for $150, $45, and $65.. You make two deposits, one for $200 and another for  $180.  You transfer $100 from your checking to your savings account.  What is your balance?
2. You have $2500 in your account. You write checks for $150, $90, and $65. You deposit a check for $540 and  another for $120.  Later, you issue a stop payment on a check you previously wrote for $90. The bank informs you that the $120 check you deposited is being returned to you due to insufficient funds. They also charge you a $25 NSF for the check  What is your balance?

II.  Objectives:

Content OBJ:

• Analyze transactions and post subtractions and additions to a checking account maintaining a running balance.

Lang OBJ:

• Explain how to post checks, deposits and miscellaneous transactions to a check register

III.  Test on Friday

IV.  Notebook:  Flow Map Calculating Check Account Balance

V.  Classwork:

A.  Record May & June Check Register

Personal Finance W2017