Check Your Progress Theme 1 Mrs. Williams. We can read and sort words by their vowel sound.
THEME 2 Part 1B Check Writing copy -...
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7/27/17 1 THEME 2 Part 1B Check Wri4ng Honors Personal Finance 1 What is a Check? • Piece of paper pre-printed with the account holder’s: –Name –Address –Financial ins4tu4on –Iden4fica4on numbers • DATE: Include the month, day & year you are wri4ng the check. 09/15 06 • PAYEE: Write the name of the person or business on the line, “Pay to the order of.” 09/15 06 Athle0c Shoe Company • AMOUNT IN NUMBERS: Write the amount numerically. 09/15 06 Athle0c Shoe Company 55. 63 • AMOUNT IN WORDS: Write the amount in words. Start at the leS, write any cents as a frac4on, and draw a line in the extra space. 09/15 06 Athle0c Shoe Company 55. 63 Fi>y-Five and 63/100 -------------------------------------------- • SIGNATURE: Sign all checks the way you sign the signature card. 09/15 06 Athle0c Shoe Company 55. 63 Fi>y-Five and 63/100 -------------------------------------------- George Washington Doe • MEMO: Use the memo area to note the reason for the check. 09/15 06 Athle0c Shoe Company 55. 63 Fi>y-Five and 63/100 -------------------------------------------- George Washington Doe Running Shoes • ROUTING NUMBERS: The nine-digit string of numbers used to iden4fy your bank to process the transac4on
Transcript of THEME 2 Part 1B Check Writing copy -...
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THEME2Part1BCheckWri4ng
HonorsPersonalFinance
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WhatisaCheck?• Pieceofpaperpre-printedwiththeaccountholder’s:– Name– Address– Financialins4tu4on– Iden4fica4onnumbers
• DATE:Includethemonth,day&yearyouarewri4ngthecheck.
09/1506
• PAYEE:Writethenameofthepersonorbusinessontheline,“Paytotheorderof.”
09/1506
Athle0cShoeCompany
• AMOUNTINNUMBERS:Writetheamountnumerically.
09/1506
Athle0cShoeCompany 55.63
• AMOUNTINWORDS:Writetheamountinwords.StartattheleS,writeanycentsasafrac4on,anddrawalineintheextraspace.
09/1506
Athle0cShoeCompany 55.63
Fi>y-Fiveand63/100--------------------------------------------
• SIGNATURE:Signallchecksthewayyousignthesignaturecard.
09/1506
Athle0cShoeCompany 55.63
Fi>y-Fiveand63/100--------------------------------------------
George Washington Doe!
• MEMO:Usethememoareatonotethereasonforthecheck.
09/1506
Athle0cShoeCompany 55.63
Fi>y-Fiveand63/100--------------------------------------------
George Washington Doe!RunningShoes
• ROUTINGNUMBERS:Thenine-digitstringofnumbersusedtoiden4fyyourbanktoprocessthetransac4on
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• ACCOUNTNUMBER:Thenumberusedtoiden4fyyouruniqueaccountwithinthebank.
• CHECKNUMBER:Thenumberusedtoiden4fyaspecificcheckwithinthesequenceoftheregister.
• BLANKENDORSEMENT:SignyournamethesamewayitiswriYenonthefrontofthecheck.
George W. Doe!
– Onceacheckhasclearedthebankitbecomesacanceledcheck.
Comple4ngaCheckbookLedgerorCheckregister
• Date-ThedatethecheckwaswriYenortransac4onwasmade
• Number-Thenumberofthecheck;ifadebitcardorATMwasused,writeDCorATM
• Descrip4onofTransac4on-Theperson/businessthecheckwaswriYentoorwheredebitcardwasused
• Descrip4onofTransac4on-Graylinecanbeusedtowritethememo
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• Payment/Debit(-)-Amountofthetransac4ondeductedfromthebalance
• Deposit/Credit(+)-Amountofthetransac4onaddedtothebalance
• √ T- √boxtotrackwhetherthecheckhasclearedonthemonthlybankstatement
• Fee(ifany)-Anyextrafeeschargedtotheaccount
• Balance-Therunningtotalofthecheckingaccount HowtoFilloutaDepositSlip.
DepositslipContainstheaccountholder’saccount
numberandallowsmoney(cashorcheck)tobedepositedintothe
correctaccountLocatedinthebackofthecheckbook
¡ Date - The date the deposit is being made
¡ Signature Line - Sign this line to receive cash back
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¡ Cash - The total amount of cash being deposited
¡ Checks - List each check individually
¡ Checks l If more checks are being deposited than number of spaces on the front, use the back
¡ Total from Other Side - The total amount from all checks listed on the back
¡ Subtotal - The total amount of cash and checks
¡ Less Cash Received - The amount of cash being received
¡ Net Deposit - The amount being deposited into the account
Bank Statement
willlist:– Deposits,Interest,Fees– ChecksyouhavewriYen– ATM&Debitcardcharges
BankStatement-bank’smonthlysummaryofdeposits,withdrawals,charges,andcurrentbalance.
Bank Statement
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