Interactive Account Balancing
Now that you know what the columns are, it's time to enter the most recent transactions.
Because we are nice guys we'll give you 125.00 bucks to start with.
Number Type | Date (mm/dd/yy) | Description | Payment Debit(-) |
Deposit Credit(+) |
Balance | |
---|---|---|---|---|---|---|
125.00 |
Fill in the following transactions:
- Enter a deposit of a paycheck on 5/30/07 for $1000.00
- Enter check number 200 on 6/1/07 for your apartment rent for $470.00
- Enter a debit on 6/3/07 for an ATM withdrawal for $10
- Enter a debit on 6/7/07 for an automatic payment on your car loan for $187.39
- Enter check number 201 on 6/7/07 to the phone company for $25.50
- Enter a deposit of a check from a friend on 6/10/07 for $20
- Enter check number 202 on 6/20/07 to the power company for $53.73
- Enter a debit on 6/23/07 for a debit card payment to the gas station of $17.00
- Enter a debit on 6/24/07 for an ATM withdrawal for $15
- Enter a deposit of a paycheck on 6/30/07 for $1000.00
When complete, the balance should be $1366.38.
Next, let's compare the register with this statement from the bank. This is called reconciling your statement.