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Student Handout - Reading A Bank Statement

Here are the answers to the questions: 1. The new balance shown on the statement is $103.69. 2. The total amount of deposits listed in the check register but not shown on the statement is $253.17. 3. The sum of the new balance ($103.69) and the deposits not shown ($253.17) is $356.86. 4. The total amount of outstanding checks and withdrawals is $36.31. 5. The ending balance is $320.55.

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Robert Rathbun
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402 views

Student Handout - Reading A Bank Statement

Here are the answers to the questions: 1. The new balance shown on the statement is $103.69. 2. The total amount of deposits listed in the check register but not shown on the statement is $253.17. 3. The sum of the new balance ($103.69) and the deposits not shown ($253.17) is $356.86. 4. The total amount of outstanding checks and withdrawals is $36.31. 5. The ending balance is $320.55.

Uploaded by

Robert Rathbun
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
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Name of Student ________________________

Reading a Bank Statement


Name ________________________

Reading a Bank Statement


Using the bank statement on the previous page, answer the following questions:

1. What period does this statement cover?

2. What is the account number of this statement?

3. How many deposits were made and what were the amounts?

4. How many checks cleared and what was the total dollar amount of the checks that cleared?

5. Was there any ATM activity? If so, how many transactions were there, and what was the total
amount?

6. Were there any service charges? If so, what was the total amount?

7. What is the total of all withdrawals (checks, ATM transactions, check card transactions, service
charges)?

9. What is the new balance of the account?

10. Did check #182 clear?

11. What was the amount of check #183?

12. Did check #185 clear?

13. What was the amount of check #187?


Name of Student ________________________

Reconciling an Account
Use the bank statement, the check register, and the reconciliation worksheet on the
following page to balance this checkbook.
Name of Student ________________________

Reconciling an Account (continued)

Enter
The New Balance shown
on your statement $ ________

Add
Any deposits or transfers listed $ ________
in your register that are not $ ________
shown on your statement $ ________
Total + $ ________

Calculate the subtotal $ ________

Subtract
Your total outstanding
checks and withdrawals - $ ________

Calculate the ending balance


This amount should be the
same as the current balance
in your check register $ ________

Use the reconciliation worksheet above to answer the following questions:


1. What is the new balance shown on the statement?

2. What is the total amount of deposits listed in the check register but not shown on the statement?

3. What is the sum of the new balance and the deposits not shown on the statement?

4. What is the total amount of outstanding checks and withdrawals?

5. What is the ending balance?


2D Student Handout - Reading a Bank Statement
Topic 2: Money Management Name of Student ________________________

Reconciling an Account answer key


Enter
The New Balance shown
on your statement $ __103.69__

Add
Any deposits or transfers listed $ __253.17__
in your register that are not $ ________
shown on your statement $ ________
Total + $ __253.17_

Calculate the subtotal $ __356.86__

Subtract
Your total outstanding
checks and withdrawals - $ __36.31__

Calculate the ending balance


This amount should be the
same as the current balance
in your check register $ __320.55__
Use the reconciliation worksheet above to answer the following questions:
1. What is the new balance shown on the statement?

2. What is the total amount of deposits listed in the check register but not shown on the
statement?

3. What is the sum of the new balance and the deposits not shown on the statement?

4. What is the total amount of outstanding checks and withdrawals?

5. What is the ending balance?

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