Entering Payments

Worksheet Description

This worksheet provides a practical exercise for writing checks and recording transactions in a check register. The upper section lists several transactions with details such as the date, payee, amount, and purpose for which the student is expected to write corresponding checks. The lower section features a check register where the student must record each check written, tracking the payment amount and updating the account balance. The starting balance is provided, and the worksheet challenges the student to maintain an accurate running balance after each transaction.

The worksheet is designed to teach students the process of writing checks and maintaining a check register, which are key components of personal financial management. It reinforces the concept of tracking expenses and income, a skill vital for budgeting and financial accountability. Students learn how to methodically record transactions, a practice that helps prevent financial oversights and errors. The worksheet ultimately aims to enhance the student’s ability to manage a checking account effectively.