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12 questions
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- 1. Multiple Choice
Add or subtract from your balance? Write a check for groceries at HyVee for $42.63
Add
Subtract
- 2. Multiple Choice
Add or subtract from your balance? Deposit birthday check for $220.45
Add
Subtract
- 3. Multiple Choice
Add or subtract from your balance? Go to ATM--get $40 cash
Add
Subtract
- 4. Multiple Choice
Add or subtract from your balance? Use debit card at Marshall's to buy presents for $56.90
Add
Subtract
- 5. Multiple Choice
Add or subtract from your balance? Write check to MHS wrestling for $20 for a merchant discount card
Add
Subtract
- 6. Multiple Choice
Add or subtract from your balance? Payday! $365 direct deposit
Add
Subtract
- 7. Multiple Choice
Add or subtract from your balance? Used debit card at Chipotle for $9.65
Add
Subtract
- 8. Multiple Choice
Add or subtract from your balance? Used ATM in Topeka. Got charged $3 fee on my bank account.
Add
Subtract
- 9. Multiple Choice
Add or subtract from your balance? Deposit $100 cash
Add
Subtract
- 10. Multiple Choice
Add or subtract from your balance? Returned one of gifts to Marshall's. They put $33 back onto my debit card.
Add
Subtract
- 11. Multiple Choice
Which step comes first when reconciling your bank account?
Add any outstanding deposits
Place a checkmark or X in check register column if transaction cleared
Subtract any outstanding withdrawals
Write "reconciled on XX date" in register
- 12. Multiple Choice
Why is your check register balance likely different from the bank statement closing balance?
The bank likely made an error.
You likely made a subtraction error.
Transactions happened that weren't recorded because they were after statement print date.
The bank is seeing if you regularly balance your account.
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