Checkbook Balancing Practice
A worksheet to practice balancing a checkbook, including transactions like deposits, withdrawals, and writing checks.
Includes
Standards
Topics
Checkbook Balancing Practice
Name:
Date:
Score:
Read each scenario carefully and record the transactions in the checkbook register. Calculate the new balance after each transaction. All amounts are in USD.
Beginning Balance: $500.00
Checkbook Register
Date
Transaction
Withdrawal (-)
Deposit (+)
Balance
Beginning Balance
$500.00
1. 03/01
Deposit - Paycheck
$350.50
2. 03/03
Check #101 - Groceries
$75.25
3. 03/05
ATM Withdrawal
$40.00
4. 03/08
Check #102 - Rent
$450.00
5. 03/10
Deposit - Gift
$100.00
6. 03/12
Debit Card - Online Purchase
$25.99
7. What was the balance after the paycheck deposit on 03/01?
8. What was the balance after paying for groceries with Check #101?
9. What was the balance after the ATM withdrawal on 03/05?
10. What was the balance after paying rent with Check #102?
11. What was the balance after the gift deposit on 03/10?
12. What was the final balance after the online purchase on 03/12?
13. A deposit increases your checkbook balance.
True
False
14. A withdrawal decreases your checkbook balance.
True
False
15. It is not important to track your spending if you use a debit card.
True
False
16. Why is it important to balance your checkbook regularly?