Lesson 2 JA BizTown Checking Accounts

Front

Writing a check is one way people withdraw money from a checking account.

Back

True

Front

You must always sign a deposit ticket.

Back

False

Front

If there is not enough money in the account, the bank usually covers the amount for the check holder.

Back

False

Front

All transactions should be recorded in the transaction/check register.

Back

True

Front

A paycheck and a personal check are the same thing.

Back

True

Answer explanation

A paycheck is from a business and a person check is from a person.

Front

What is the starting balance on this check register?

Back

4500.75

Front

What was the balance of the account at the end of the day on 7/24?

Back

4320.03

Front

On which day was the balance the highest? Options: 7/7, 7/15, 7/19, 7/20

Back

7/19

Front

What happened on 7/5?

Back

check #164 was written

Front

What is the balance on 6/25?

Back

157.8