Friday, December 13, 2013

Continue Banking Simulation

Today we're going to finish 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.
  • 3/22 - You have a garage sale to save up additional money to cover your upcoming summer college class.  You manage to collect the following amounts which you will put on your Deposit Slip:
    + 37 quarters
    + 18 dimes
    + 12 nickels
    + 55 pennies
    + 6  $20 bills
    + 4  $10 bills
    + 7  $5 bills
    + 41  $1 bills
    + Check #1824 for $20.00
    + Check #154 for $16.50
    + Check #913 for $100.00
    + Check #8213 for $125.50
  • 3/23 - You receive an Income Tax check for last years taxes.  The check (#52280226) is for $473.29.  Fill out a Deposit Slip for this check and indicate that you would like $100 cash back which you will use to go out with some friends.  Make sure to put this in your Check Register.
  • 3/24 - You stop by Games R' Us to buy a new video game.  Write a check for $80.29.
  • 3/25 - You decide you need a new hat.  Use your debit card to buy your hat from Wig Out for $22.95.
  • 3/25 - You need a new shirt to match your cool new hat.  Write a check for $24.17 at Cold Topic.
  • 3/25 - You buy a belt, socks, and underwear at American Dog.  Write a check for $33.91. 
  • 3/26 - You and your friends go to dinner and the movies.  You use your cash to pay $11.12 at McTaco King.  You also use your cash to pay $8 to get in to the movies and $8 for popcorn at Stadium 6 Theater.
  • 3/27 - You want to go clubbing this weekend so you need to fill up your car with gas.  Spend $42.11 on gas at Tweakin' Beacon on your debit card.
  • 3/28 - You drive to Sacramento and pay the $10 cover charge at Yo'Mamaz with cash.  You use your debit card to buy soda's amounting to $24.  They also charged $2 to use your debit card.
  • 3/29 - Your friend is arrested for being in a bar fight.  Write a check for $250 to bail them out.  Make the check payable to The Sacramento Police.
  • 3/30 - You're really tired the next morning and decide you need some coffee.  Stop by MoonBucks and use your debit card for $11.54.
When you have finished, compare your last amount with your neighbor and try to figure out who's wrong.  :)

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