Wednesday, December 11, 2013

Begin Second Month's Transactions

Today we're going to begin working on month two of our virtual checking accounts.  Follow the correct procedure for each of the following transactions, including writing checks (if applicable), writing items in the Transaction Register, etc.
  • 3/03 - Looks like it's time to hit the grocery store again.  You go to Super Mega Mart to stock up on some necessities because buying in bulk will help you save money.  Write a check for $227.32 to Purity Market.
  • 3/05 - You receive your Netmoviez bill in the mail.  Send a check for $10.14 to cover it.
  • 3/10 - You receive your cell phone bill in the mail.  Write a check for $47.52 to American Cellular.
  • 3/14 - Your electric bill has arrived.  Write a check for $88.14 to Kelseyville Electric Company.
  • 3/15 - You receive your paycheck today.  Complete a deposit slip and log it in your Register.
  • 3/16 - You have some engine trouble with your car.  After the mechanic looks at it, you discover it's going to be $316.77 to replace your water pump and radiator hose.  Write a check to Kelseyville Car Repair.
  • 3/17 - You sill want to put away some money for emergencies, but you can only afford $50 this month.  You stop in at the bank and have the teller move $50 from Checking to Savings.  Remember to remove the money from Checking in your Register.
  • 3/18 - You need to drop by the grocery store to pick up a few things.  Write a check to Purity Market for $23.22.
  • 3/19 - It's time to pay your car insurance again.  Go online to the Chameleon Insurance web site and submit your electronic payment for $118.33.
  • 3/19 - You realize you're gas tank is just about on empty.  Use your Debit Card to buy $54.32 in gasoline at Filler Up Gas & Go.
  • 3/21 - You stop at Restored Treasures, a second-hand shop that sells furniture, and buy a couch for $100.  With tax, the total price comes to $109.75.  Write a check.

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