SECTION 4 3 Check Registers pp 172 174

SECTION 4 -3 Check Registers pp. 172 -174

SECTION 4 -3 • • • Click to edit Master text styles Section Objective Second level Figure out: Third level • the balance in a check register Fourth level Fifth level 10/24/2020 Copyright © Glencoe/Mc. Graw-Hill 2 MBA, Section 4 -3, Slide 2 of 14

SECTION 4 -3 • • • Click edit Master text styles Keyto. Words to Know Second level check register (p. 172) Third level A record you keep of your checking account Fourth level deposits, withdrawals, and transfers. Fifth level balance (p. 172) The amount of money you have in an account. 10/24/2020 Copyright © Glencoe/Mc. Graw-Hill 3 MBA, Section 4 -3, Slide 3 of 14

SECTION 4 -3 • • • Click to edit Master text styles Formula Second level How do I calculate the new balance? Third level Step 1: Fourth level New = Previous – Check – Automatic Fifth Balancelevel Balance Amount Transfers Step 2: New Balance = Previous Balance + Deposit Amounts 10/24/2020 Copyright © Glencoe/Mc. Graw-Hill 4 MBA, Section 4 -3, Slide 4 of 14

SECTION 4 -3 • Click to edit Master text styles • Second level • Third level Fleet Footed Finances p. 172 • Fourth level Why is it good to get in the habit of • Fifth level tracking the money in your checking account? 10/24/2020 Copyright © Glencoe/Mc. Graw-Hill 5 MBA, Section 4 -3, Slide 5 of 14

SECTION 4 -3 • • • Click to edit 1 Master text styles Example Second level The previous balance in your check register Third level is $345. 98. You make a deposit of $75. 00. Fourth level You write a check for $45. 00. Fifth Whatlevel is your new balance? 10/24/2020 Copyright © Glencoe/Mc. Graw-Hill 6 MBA, Section 4 -3, Slide 6 of 14

SECTION 4 -3 • • • Click to edit 1 Master text styles Example Answer Second level Step: Figure out the balance. Third level $345. 98 + $75. 00 – $45. 00 = $375. 98 Fourth level Fifth level 10/24/2020 Copyright © Glencoe/Mc. Graw-Hill 7 MBA, Section 4 -3, Slide 7 of 14

SECTION 4 -3 • • • Click to edit 2 Master text styles Example Second level Margaret Miller’s checking account had a Third level balance of $313. 54. She wrote a check for Fourth level $45. 78 on March 2. On March 5 the bank madelevel an automatic transfer (AT) of $52. 55. Fifth She made a deposit of $240. 32 on March 10. What is the new balance in Miller’s account? 10/24/2020 Copyright © Glencoe/Mc. Graw-Hill 8 MBA, Section 4 -3, Slide 8 of 14

SECTION 4 -3 • • • Click to edit 2 Master text styles Example Answer Second level Step: Figure out the balance. Third level Fourth level Fifth level 10/24/2020 Copyright © Glencoe/Mc. Graw-Hill 9 MBA, Section 4 -3, Slide 9 of 14

SECTION 4 -3 • • • Click to edit 1 Master text styles Practice Second level Find the new balance after each check or Third level deposit. Fourth level Balance: $542. 62 Fifth level$125. 00 Deposit: New Balance: Amount of Check: $74. 38 New Balance: 10/24/2020 Copyright © Glencoe/Mc. Graw-Hill 10 MBA, Section 4 -3, Slide 10 of 14

SECTION 4 -3 • • • Click to edit 1 Master text styles Practice Answer Second level Balance: $542. 62 Third level Deposit: $125. 00 Fourth level $667. 62 New Balance: Fifth level Amount of Check: $74. 38 New Balance: $593. 24 10/24/2020 Copyright © Glencoe/Mc. Graw-Hill 11 MBA, Section 4 -3, Slide 11 of 14

SECTION 4 -3 • • • Click to edit 2 Master text styles Practice Second level Find the new balance after each check or Third level deposit. Fourth level Balance: $197. 23 Fifth level Amount of Check: $48. 72 New Balance: Amount of Check: $17. 49 New Balance: 10/24/2020 Copyright © Glencoe/Mc. Graw-Hill 12 MBA, Section 4 -3, Slide 12 of 14

SECTION 4 -3 • • • Click to edit 2 Master text styles Practice Answer Second level Balance: $197. 23 Third level Amount of Check: $48. 72 Fourth level Balance: $148. 51 Fifth level Amount of Check: $17. 49 Balance: $131. 02 10/24/2020 Copyright © Glencoe/Mc. Graw-Hill 13 MBA, Section 4 -3, Slide 13 of 14

END OF SECTION 4 -3 Check Registers