Dollars and Sense

STEP 2:
Use the simple steps below.
Enter the current balance shown on the
statement of account. $378.50
ADD any deposits listed in your checking
account register that ARE NOT on the
statement of account. + $180.00
Subtotal $558.50
SUBTRACT any checks, ATM/Debit card
withdrawals, or fees listed in your checking
account register that ARE NOT on the
statement of account.
- $8.00
- $20.00
BALANCE: This amount should equal
what is shown in your checking account
register. If it does not, then your account is
out of balance.
$530.50
What should you do if your account is out of balance?
1. Check your math
2. Check your Statement of Account for items you may not have
entered into your checkbook register
3. Recheck the entries in your checking account register
Did you transpose numbers?
Did you record the wrong amount?
4. Call your bank
Helpful Hint: Keep a budgeted amount of cash on hand to use for small purchases. It may be easier to
balance your checking account if you do not write a check or use your ATM/Debit card for small purchases.
To set up your budget go to www.mus.edu/Prepare.
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