Checking Account Simulation

1. Checking Account Simulation Record the following transactions correctly in your register and correctly fill out checks or deposit slips as directed

2. Transactions Date: 5/1/2012 • Deposit $500.00 into checking account • Withdraw $35.00 from ATM for lunch this week • Pay $55.00 Cell Phone bill to YouTextIt • Purchase $40.00 in Gas using Debit card at GOGO Juice Service station • Deposit $20.00 Check from lawn mowing and $25.00 check for babysitting into checking less $15.00 cash for movies.

3. Transactions Date: 5/8/12 • Use a check to pay $20.00 FACS Course fee make check payable to SHS • Debit purchase at All Mart for Mother’s Day Gift $ 25.00 • Your tire went flat pay $10.00 to FixThatFlat for patch. • Paycheck from McDave’s was direct deposited into your checking account in the amount of $140. • Write a $45.00 check to Clothes R Us for a new bathing suit.

4. Final Transactions Date 5/9/12 • Pay $200.00 Car payment to Wheels-R-Us • Pay $70.00 car insurance to Safety Plus Ins. • Withdraw $50 from ATM to pay for ½ of your new tennis shoes. Parents will pay the rest. • Cash gift from Grandma for grades this 9 weeks $20.00 + Check for $25.00 Baby sitting Deposit it. • Write a check to SHS for T-shirt $10 • Statement shows ATM transaction fee of $3.00

5. How did you do? • 5/1 Deposit $500.00 $500.00 • 5/1 ATM – Lunch $35.00 $465.00 100 5/1 YouTextIt $55.00 $410.00 • 5/1 Debit Gas $40.00 $370.00 • 5/1 Deposit $30.00 $400.00 101 5/8 SHS $20.00 $380.00 5/8 Debit-All Mart $25.00 $355.00 102 5/8 FixThatFlat $10.00 $345.00 5/8 Paycheck $140.00 $485.00 103 5/8 ClothesRUs $45.00 $440.00

6. Continued • $440.00 • 104 5/9 Wheels R Us $200.00 $240.00 • 105 5/9 Safety Plus $70.00 $170.00 • ATM 5/9 Shoes $50.00 $120.00 • 5/9 Deposit $45.00 $165.00 • 106 5/9 SHS – T-shirt $10.00 $155.00 • 5/9 FEE $3.00 $152.00