Mastering Check Writing: Tips and Examples
Learn how to write checks effectively and avoid common mistakes with examples for clarity. Understand the importance of accuracy and proper procedure in check writing.
Mastering Check Writing: Tips and Examples
E N D
Presentation Transcript
SECTION 4-2 pp. 169-171 Writing Checks
Write: • a check Section Objective
Key Words to Know checking account (p. 169) A monetary account that allows the holder to write checks against money that has been deposited into it.
Key Words to Know check (p. 169) A written order that directs a bank to deduct money from your checking account to make a payment.
Fleet Footed Finances p. 169 What does it mean if you bounce a check?
Example 1 • Write the following in word form. • $65.29 • $235.58
Example 1 Answer Step: Write the amounts in word form. $65.29 in word form is sixty-five and 29/100 dollars $235.58 in word form is two hundred thirty-five and 58/100 dollars
Example 2 Margaret Miller is buying a gift at the Department Store on March 23. The cost of the gift is $45.78. Miller is paying by check. How should she write the check?
Example 2 Answer: Step 1 Write the date. (All writing should be in pen.)
Example 2 Answer: Step 2 Write the name of the person or organization to whom payment will be made.
Example 2 Answer: Step 3 Write the amount of the check as a numeral.
Example 2 Answer: Step 4 Write the amount of the check in words with cents expressed as a fraction of a dollar.
Example 2 Answer: Step 5 Make a notation on the check to indicate its purpose.
Example 2 Answer: Step 6 Sign the check.
Practice 1 Write each amount in word form with cents expressed as a fraction of a dollar. $88.37
Practice 1 Answer eighty-eight and 37/100 dollars
Practice 2 Write each amount in numerals as it would appear on a check. four hundred sixty-four and 11/100 dollars
Practice 2 Answer $464.11
END OF SECTION 4-2 Writing Checks
