Question: #3-9 Example 2 Margaret Miller's checking account had a balance of $313.54. She wrote a check for $45.78 on March 2. On March 5 the
#3-9
Example 2 Margaret Miller's checking account had a balance of $313.54. She wrote a check for $45.78 on March 2. On March 5 the bank made an automatic transfer (AT) of $52.55 to pay her phone bill. She made a deposit of $240.32 on March 10. What is the new balance in Miller's account? STEP: Figure out the balance. Trans. Type gure 4.6 or Check No. Date Description Payment/ Deposit/ of Transaction Debit (-) Credit (+) Balance Previous Balance - Check Amount - Automatic Transfer_Balance Brought Forward -313 54 202 3/2 Department Store AT 45 78 267 76 3/5 Phone Bill 52 55 -215 21 3/10 Deposit 240 32 455 53 Previous Balance + Deposit Amount / CONCEPT CHECK SELF-CHECK Complete the problems, then check your answers at the end of the chapter. 3. Balance $625.39 4. Balance $7,357.87 Deposit + 875.80 Amount of Check 132.75 Deposit + 14.27 AT 6,544.55 Balance Balance Amount of Check 953.24 Deposit 138.84 Amount of Check 74.96 Balance Balance SECTION 4-3 PRACTICE Find the new balance after each check or deposit. Check Register Payment/ Deposit/ Debit (-) Credit (+) Balance Balance Brought Forward -448 35 5. 46 92 6. 216 84 7. 251 55 8. Your balance is $89.75 on May 23. 9. Your balance is $131.02 on April 4. Deposit $156.90 on May 30. Write a $31.28 check on April 9. Write a $34.79 check on June 1. Write a $45.92 check on April 14. ATM withdrawal of $50.00 AT deposit of paycheck for $215.48 on June 1. on April 15. What is your new balance? What is your new balance? Continued on next page Section 4-3 Check Registers * 173
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