You are a senior in college and financially responsible for yourself. You have several transactions that you need to take care of to balance your checkbook this month. Your current balance is $516.87. Complete the deposit slip to deposit your paycheck from your job, write a check to your landlord for your half of the rent, write a check to your school for a parking ticket, and calculate the new balance in your account after these transactions.

Question

1. Complete the deposit slip for December 10th. Get $75.00 cash back.

Answer 1

Deposit Slip:

Date: December 10th
Deposit Amount: $75.00
Cash Back: $75.00
Total Deposit: $0.00

Checkbook Balance:
Previous Balance: $516.87

2. Write a check to your landlord for your half of the rent. The rent amount is $600.00.

Check:
Pay to the Order of: Landlord
Amount: $300.00
Memo: Rent Payment

Checkbook Balance:
Previous Balance: $516.87
Rent Payment: -$300.00
Updated Balance: $216.87

3. Write a check to your school for a parking ticket. The ticket amount is $50.00.

Check:
Pay to the Order of: School
Amount: $50.00
Memo: Parking Ticket Payment

Checkbook Balance:
Previous Balance: $216.87
Parking Ticket Payment: -$50.00
Updated Balance: $166.87

The new balance in your account after these transactions is $166.87.