Money Wi$e - Consumer Action

Checkbook Balancing Key(For use by the Money Wi$e instructor.)This is a key to what the completed worksheet should look like. If participantshave trouble balancing the account, encourage them to review their work. Makesure that they didn’t record the same ATM withdrawal or bank fee twice ormiscalculate the Outstanding Items total.Outstanding ItemsNumber AmountNeighborhood Grocery 57 $69.52Clothes R Us $15.00$$$$$Total: $84.524. Write the EndingBalance from the AccountSummary section of theSample Bank Statement:5. Add the depositsshown in the SampleCheckbook Register butnot listed in yourstatement.$108.04Total: $50.006. Add Nos. 4 and 5.7. Enter outstanding itemstotal from No. 3.8. Subtract No. 7 fromNo. 6. This numbershould agree with thecurrent balance in theSample CheckbookRegister.$158.04$84.52$73.52Money Wi$e Manage Your Money Wisely Seminar Package page 15 of 27