Personal Finance – 10/21/16

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 and deposits to a checking account
• Write checks based upon transaction analysis.

III.  Test on Tuesday

IV.  Notebook Check (Quick Review)

V  Classwork:

1. https://hrblock.budgetchallenge.com/
   1. Complete Survey
2. Complete Chapter 9 Vocab on iLearn – last day
3. Record July check register and checks

Personal Finance F2016