Balancing Your Checkbook

A worksheet for 11th graders to practice balancing a checkbook, including transactions like deposits, withdrawals, and writing checks.

Grade 11 Math Financial LiteracyBalancing a Checkbook

Use This Worksheet

Includes

CustomShort AnswerTrue / FalseFill in the Blanks

Standards

CCSS.MATH.CONTENT.HSA.CED.A.2CCSS.MATH.CONTENT.HSN.Q.A.1

6 sections · Free to use · Printable

← More Math worksheets for Grade 11

Balancing Your Checkbook

Name:

Date:

Score:

Read each scenario carefully and record the transactions in the provided check register. Calculate the new balance after each transaction. All amounts are in USD.

Scenario 1: Starting Balance $500.00

Date

Transaction Description

Payment/Debit (-)

Deposit/Credit (+)

Balance

Cleared (✓)

Starting Balance

$500.00

1. On Oct 1, you deposit your paycheck of $750.00.

2. On Oct 3, you write check #101 to 'Groceries Inc.' for $85.50.

3. On Oct 5, you make an online payment for your phone bill of $60.00.

4. On Oct 8, you withdraw $100.00 from an ATM.

5. On Oct 10, you deposit a birthday gift of $50.00.

1. Why is it important to balance your checkbook regularly?

2. What is the difference between a debit and a credit?

1. Your bank statement will always match your checkbook register exactly.

True

False

2. An outstanding check is one that has not yet been cashed or cleared by the bank.

True

False

1. When you balance your checkbook, you are your check register with your bank statement.

2. A is money added to your account, while a is money removed from your account.