Your check register shows a balance of $50 Your last bank statement shows an ending balance of $615. All transactions match except for two outstanding checks for $200 and $40. Does your register balance with the statement? 

 

You start the month with $664.22 in your checking account. You have the following withdrawals during the month: $69.12, $446.00, $24.44. You have deposits of $251.76 and $59.76 during the month. What is your balance at the end of the month?

 

Which formula best expresses your monthly ending balance?

 

 

The following transactions, in order, are expected to hit your checking account next month: $60 deposit, $40 withdrawal, $60 withdrawal, $80 deposit, and $100 withdrawal. What is the least amount you can have as a beginning balance without overdrawing the account?

 

 

Your checking account balance is $400. You received a "bounced" check and your bank has charged you a penalty fee of $35. 

What percent of your balance did the penalty cost you?

 

 

Your bank gives you 20 points for monthly online bill pay, 20 points for monthly mobile deposits, 80 points per car payment, and 0.5 points per dollar credit card spent. You had monthly credit card charges of $2,100 last month. You earn $100 per 8,000 points. 

How much in dollars did you earn from points last month?

 

 

You need $15,500 to make a down payment on a house. Your beginning balance in your checking account this month was $6, 650.   Your ending balance was $6,324. Assuming your account balance continues to grow at the same rate, how long until you have enough money to make the down payment?

 

 

Your bank offers free access to online banking, but they charge you $.08 for each online echeck you send. They charge you $0.15 for each paper check you write. You have chosen to write all future checks online. Over the years you have sent an average of 12 checks per month. What have you saved in a year with online checking?

 

Your checking account currently has a balance of $2, 650.02. If it were to shrink by 5% per year for 5 years what is your projected balance?

 

You need to write a check for $11.50 from your checking account, which has a balance of $1,25.75. What percent of your balance will remain?

Answer rating: 100% (QA)

Here are the solutions to the checking account balance questions 1 No the register does not balance ... View the full answer