Complete these activities.

Number	Date	Transaction Description	Payment, Fee, Withdrawal (-)	Deposit, Credit (+)	Balance $
	6/6	Deposit		$50.00	$50.00

Above is an example of the top of a checkbook register. The "Balance" column keeps a running amount of what is available in your account. If you made a deposit of $50.00 on June 6 when you opened the account, then the first entry in the register would look like what you see above.

Problem 1

You make a purchase at the local grocery store on June 8. The total for the items is $93.88 and the sales tax is 5%. You write check #501 for the amount due. Howshould the registry entry appear?

Solution 1

First, you have to calculate the total of your purchases including sales tax. Second, you complete the entry in the registry using that amount.

Show Answer

Number	Date	Transaction Description	Payment, Fee, Withdrawal (-)	Deposit, Credit (+)	Balance $
501	6/8	ABC Grocery	98.57

The last step would be to subtract the $98.57 from the previous balance and write that amount as the current balance.

Problem 2

You pay the local Big Power company $35.87 on June 19 using your debit card. Your current registerlooks like the one below. How should this transaction appear?

Number	Date	Transaction Description	Payment, Fee, Withdrawal (-)	Deposit, Credit (+)	Balance $
					$205.67

Solution 2

Number	Date	Transaction Description	Payment, Fee, Withdrawal (-)	Deposit, Credit (+)	Balance $
					$205.67
	6/19	Big Power	35.87		$169.80