Explain the steps to balancing the checkbook: 1. Carry over the balance from the bottom of the previous page 2. Enter the check number, unless it is a deposit, then leave blank 3. Enter the date 4. Write the payee and purpose of the check 5. Fill in the amount of payment 6. Fill in the amount of deposit or credit 7. Figure new balance by adding or subtracting Guided/Independent Practice: Students will be given a list of transactions to input into their check register. They will balance all of the transactions into their checkbook. Wendy's on November 16,2020 or $15.68. Next, you receive a check on November 17,2020 or $46.78 and deposit it into your account. Finally, you write another check to Dillard's on November 18,2020 or the shoes you buy that cost $125.07. Please fill out the checks and the deposit slip completely, and record the information into the check register to indicate your remaining balance. Directions: You have a beginning balance of $250.00. You purchase food at Wendy's on November 16,2020 or $15.68. Next, you receive a check on November 17,2020 or $46.78 and deposit it into your account. Finally, you write another check to Dillard's on November 18,2020 or the shoes you buy that cost $125.07. Please fill out the checks and the deposit slip completely, and record the information into the check register to indicate your remaining balance