Balancing your Checkbook
Follow along with us on this exercise. This exercise is for illustration only and does not need to be submitted. You can print out this page from the link below.
| 1. Bank Statement Balance |
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2. Deposits made but not on bank statements
(Enter Total on line 3) |
Balance Your Checkbook
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| |
| A. |
Write balance shown in bank statement on line 1. |
| B. |
Sort deposit slips and checks into two groups. Divide
automatic teller machine slips into deposits (put with deposit slips)
and cash withdrawal slips, transfers, and payments (put with checks).
|
| C. |
Verify with your checkbook and automatic teller receipts
you’ve kept. Note any uncredited deposits (not shown on bank statement)
in box 2; and any withdrawals made, but not on statement in box 5.
|
| D. |
Add uncredited deposits (not shown on bank statement)
in box 2. Enter total amount on line 3. Add to bank statement balance
(line 1). Enter answer on subtotal line 4. |
| E. |
Add withdrawals made but not on bank statement in box
5. Enter total on line 6. Subtract from subtotal 4 and enter new subtotal
on line 7. |
| F. |
Note any service charges or other bank charges which have
not been subtracted from checkbook. Enter total amount on line 8. |
| G. |
Subtract line 8 from subtotal line 7. Enter answer on
line 9, current checking account balance. |
| H. |
Note new balance in checkbook and adjust record if needed.
|
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| Total _______? |
| |
|
| 3. Deposits not on back of statements (Total) |
+$____ |
| 4. Sub Total |
=$____ |
5. Checks written or withdrawls made but
not on statement (Enter Total On Line 6) |
|
| Total $_______ |
| |
| 6. Withdrawls not on statement (Total) |
-$____ |
| 7. Sub Total |
=$____ |
| |
| 8. Service charges, other bank charges (Total) |
-$____ |
| |
| 9. Current checking account balance |
=$____ |
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This is a complicated area of law and an attorney should be consulted on all matters relating to bankruptcy. The information on this website is provided with the understanding that the authors and publishers are not herein engaged in rendering bankruptcy, legal, insolvency, tax, or other professional advice and services. As such, it should not be used as a substitute for consultation with professional bankruptcy, insolvency, tax, legal or other competent advisors. While we have made every attempt to ensure that the information contained in this website has been obtained from reliable sources, Credit Advisors Foundation and Arbor Investment are not responsible for any errors or omissions, or for the results obtained from the use of this information.