Print out the ledger below. This is where you will keep a running list of all of the deposits and withdrawals made against your checking account. The first two have been done for you, using the Summary of Activities complete the rest.
|Date||Number||Description of Transaction||Payment/Debt||Cleared||Deposit/Credit||Balance|
|4/01/01||-----------||Direct Deposit from work||$1255.59||1255.59|
|Rent for the month of April||642.59|
Answer the following questions.
After reconciling your checkbook, what debits are outstanding?
According to the Bank, how much money do you have?
According to your check ledger, how much money do you have?
According to your check ledger, can you afford to buy a new couch for $750.00