Personal Finance – 10/20/16
I. Bellwork:
A. You have $800 in your account. You write a check for $50 and another for $150. You make two deposits, one for $750.00 and another for $80. The bank informs you that the $80 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?
B. You have $500 in your account. You deposit a check for $40. and issue a stop payment on a check you previously wrote for $50. 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 and deposits to a checking account
- Analyze transaction and determine how to record then on a register.
III. Notebook Checking Flow Map
IV. Classwork:
A. Ch 9 Vocabulary handout – on iLearn
B. Record June check register and checks
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