Question

Use the image to answer the question. You receive a paycheck from work on 7/8, take out some cash from an ATM on 7/12, and then put your birthday money in your checking account on 7/16. When you fill out the register, how many of these transactions will you enter as withdrawals, and how many will you enter as deposits?
A)one withdrawal and two deposits
B)two withdrawals and one deposit
C)three withdrawals
D)three deposits

Answer 1

B) two withdrawals and one deposit

- The paycheck received on 7/8 will be entered as a deposit.
- The cash taken out from the ATM on 7/12 will be entered as a withdrawal.
- The birthday money put in your checking account on 7/16 will be entered as a deposit.