Running Balance Worksheet
Practice calculating running balances with deposits and withdrawals in this Grade 5 math worksheet.
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Running Balance Practice
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Read each scenario carefully and calculate the running balance for each transaction. Remember to add deposits and subtract withdrawals.
1. Sarah started her week with $75.50 in her savings account. On Monday, she deposited $25.00 she earned from chores. On Wednesday, she withdrew $10.25 to buy a book. What is her running balance after each transaction?
Starting Balance: $75.50
Monday Deposit: + $25.00
New Balance:
Wednesday Withdrawal: - $10.25
Final Balance:
2. Mr. Johnson had $120.75 in his checking account. He paid his electric bill for $45.50. Then he received his paycheck and deposited $200.00. Finally, he bought groceries for $78.15.
Initial Balance: $120.75
Electric Bill Payment: $45.50. New Balance:
Paycheck Deposit: $200.00. New Balance:
Grocery Purchase: $78.15. Final Balance:
3. If your starting balance is $50 and you deposit $10, your new balance is $40.
True
False
4. A withdrawal always decreases your running balance.
True
False
5. You have a balance of $85.00. You make a deposit of $15.50. What is your new balance?
$70.00
$90.50
$100.50
$100.00
6. A bank statement shows a starting balance of $250.00, a withdrawal of $50.00, and then a deposit of $75.00. What is the final running balance?
$125.00
$275.00
$375.00
$225.00
A bank is a place where you can keep your money safe and track your running balance.
7. Why is it important to keep track of your running balance in a bank account?