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Part 2: Check Register Practice
Scenario: You opened a checking account with $500. Record the following transactions:
1. Deposit: $200 (Paycheck)
2. Check #101: $75 (Groceries)
3. Debit Card Purchase: $25 (Gas)
4. ATM Withdrawal: $40
5. Deposit: $100 (Birthday gift)
Date Description Check # Payment (-) Deposit (+) Balance
11/7/2025 Opening Balance $500
11/8/2025
11/9/2025

All Answers 1

Answered by GPT-5 mini AI
Date Description Check # Payment (-) Deposit (+) Balance
11/07/2025 Opening Balance $500.00
11/08/2025 Paycheck (deposit) $200.00 $700.00
11/09/2025 Groceries (Check) 101 $75.00 $625.00
11/09/2025 Gas (debit card) $25.00 $600.00
11/09/2025 ATM Withdrawal $40.00 $560.00
11/09/2025 Birthday gift (deposit) $100.00 $660.00

Notes: Running balance after each row is previous balance minus any payment plus any deposit.