Understanding Checking and Debit Accounts

Question 1

Which transactions can increase the balance in a checking account? Check all that apply.

Revolt · Accepted Answer

direct deposit of a paycheck; EFT from a different bank into the account

Question 2

The amount would be the balance in his checking account.

Revolt · Accepted Answer

added to

Question 3

Question 3

Revolt · Accepted Answer

represents where the amount of $158.29 should be written.: A; represents where the amount of $250 should be written.: D

Question 4

For Mathew Carter, the check would be a .

Revolt · Accepted Answer

deposit; Selection 1: deposit; Selection 2: added to

Question 5

Heidi opened her first checking account. She deposited $500 into the account. List four ways Heidi can withdraw money from her checking account.

Revolt · Accepted Answer

Answer

Question 6

Explain why it is important for Bob to keep the receipt and record the information in his check register.

Revolt · Accepted Answer

Answ

Question 7

Check all that you included in your response.

Revolt · Accepted Answer

Bob knows the amount of money in his account.

Question 8

Look at Ivan’s check register. Ivan spent $158.29 on groceries. He then transferred $250 to his savings account. A check register. A is the amount debited for groceries. D is the amount debited for a transfer.

Revolt · Accepted Answer

A; represents where the amount of $158.29 should be written.: A; represents where the amount of $250 should be written.: D

Question 9

Which shows the correct amount in Carl’s checking account?

Revolt · Accepted Answer

$109.75

Question 10

Which is true about Janet’s account?

Revolt · Accepted Answer

The account balance is $70.40.

Understanding Checking and Debit Accounts Answers

More from this Course

TRY EDGENUITY HACKS