Name: __Trinity Taylor____________________

Date: _______

Class: _______

Practicing Writing Checks Activity

Directions: You are authorized to sign checks for Bests Burgers.
Write checks for the provided transactions which occurred during
April of this year. Be sure to complete the check register too. The
beginning balance is $1,577.89.
April 3 Check number 324 to Adams Realty for April store rent,
$400
April 10
Check number 325 to Graham Wholesale Supply for
meat, $745.86
April 15
Check number 326 to Carolina Power and Light for
electric bill, $234.56

BESTS BURGERS
1942
321 Main Street
Hayes NC 23422-9321
_________________20________

1-19
No. 1
Date

PAY TO THE
ORDER OF ________Adams realty_____________________________
$400.00
__Four Hundred
dollars____________________________________________________DOLLA
RS
PEOPLES BANK
400 Jefferson Street
Hayes, NC 23422-0400
Burger______________________

_____Bests
:1914110197: 2321233

BESTS BURGERS
1942
321 Main Street
Hayes NC 23422-9321

1-19
No. 325
Date __April 10____2016

PAY TO THE
ORDER OF ___Whole sale supply_______________________________ $ 745.86
____Seven hundred forty five dollars and eighty- six
cents_____________DOLLARS
PEOPLES BANK
400 Jefferson Street
Hayes, NC 23422-0400
_____Bests
Burgers_______
:1914110197: 2321233
Practicing Writing Checks Activity Continued

BESTS BURGERS
1942
321 Main Street
Hayes NC 23422-9321
15___2016__

1-19
No. 326
Date _____April

PAY TO THE
ORDER OF __Carolina Power and
Light____________________________________________ $ _234.56___
_Two hundred thirty four dollars and fifty six
cents_________________________________DOLLARS
PEOPLES BANK
400 Jefferson Street
Hayes, NC 23422-0400
______Bests
Burgers____ :1914110197: 2321233

NUMB
ER

DAT
E

DESCRIPTION OF
TRANSACTION

PAYMENT/D
EBIT
(-)

TO Adams realty
324

325

4/3

4/10

FOR Rent
TO Wholesale
supply

400.00

745.86

FOR Meat
326

TO Carolina
Power and light
4/15
FOR. Electricity
Bill

Name: ______________________

234.56

d
e
bi
t
d
e
bi
t
d
e
bi
t

FEE
T

(IF
ANY)
(-)

DEPOSI
T/
CREDIT
(+)

none

de
po
sit

none

de
po
sit

117
7
754
431

8
9
8
6
1
4

de
po
sit

none

Class: _______

BALANC
E
1,5
8
77
9
400

Date: _______

Bank Reconciliation Activity

Directions: Use the provided scenario and reconcile the checking
account.
Marcus Johnston received his bank statement. After comparing
the bank statement to his check register, Marcus discovered that
he had four outstanding checks:
# 142
# 156

$127.50
$ 89.50

# 157
# 160

$134.00
$ 26.00

Marcus also noticed that he had a $40 ATM withdrawal which he

had forgotten to record and a deposit of $200 which was not on
the bank statement. Also Marcus was charged a service charge of
$2.50. The balance in Marcus check register is $4,379.92 and the
balance on the bank statement is $4,514.42. Reconcile the bank
statement.
BANK STATEMENT RECONCILIATION

BALANCE ON
BANK
STATEMENT
ADD DEPOSITS
NOT ON
STATEMENT

$4,514.42
$_200.00
$______________
$______________

TOTAL

ADD DEPOSITS
NOT ALREADY
IN YOUR
CHECK
REGISTER

$4,14.42

$4,379.92
$_
$______________
$______________
$4,379.92

TOTAL
SUBTRACT
SERVICE
CHARGES AND
PAYMENTS NOT
IN CHECK
REGISTER

SUBTRACT
CHECKS
ISSUED BUT
NOT ON
STATEMENT
Check # 142
Check # 156
Check # 157
Check # 160
Total

BALANCE IN
CHECK
REGISTER

$127.50
$89.50
$134.00
$26.00
$377.00

Desc. Service
charge
Desc. ATM
Desc.
__________
Desc.
__________

$2.50
$40
$______________
_
$______________
_
$42.20

Total
Balance

$4,337.42

Balance

$4,337.42

Federal Reserve Graphic Organizer

Directions: Have you ever wondered how money flows around the
United States and the world? In this activity, you will research and
summarize what the Federal Reserve (sometimes called the Fed)
does. If needed, use additional paper.
What is the Federal Reserve System?

- The Federal Reserve (Fed) is a centralized banking system.

Sometimes called the bankers bank.
Why does it exist?
- The Fed exists to supervise and regulate member banks and
help serve the public efficiently.
Who participates?
- All national banks are required to be members of the Fed;
state banks have the option of joining.
How is it organized?
- It is organized into 12 districts
What services are provided by the Federal Reserve System?
Supervision of banks
Participation of open market activities
Acting as a clearinghouse
Holding reserves
Approving bank mergers
Supplying paper currency
Managing the discount rate
ASSESSMENT PROTOTYPES
Note: These assessment prototypes are examples of the types of
items included in the item bank. All items are comparable to the
cognitive process of the understand verb. Questions require
students to demonstrate that they understand the content.
Assessment prototypes will not be used on the secured test, but
questions in similar formats will be used.
1. Jack is skeptical about allowing other people to keep his money.
He will use a local check-cashing outlet to cash his checks and file
his income tax. This is an example of which type of financial
institution?
A. Depository
B. Mortgage company
C. Non-depository
D. Pawnshop

2. RBC Centura Bank invests over $1 million dollars for Todd.

Which type of services of financial institutions is being provided?
A. Lending services
B. Trust management
C. Payment services
D. Storing valuables
3. Bobs Barbecue prefers a financial institution that will allow it to
write at least fifty checks a month without penalties. Which
characteristic is the company trying to avoid?
A. Fees and Charges
B. Restrictions
C. Services
D. Safety
4. Mickeys Appliance Store accepts checks that banks draw on its
own funds. This is an example of which type of payment services?
A. Cashiers check
B. Certified check
C. Electronic
D. Money order

ASSESSMENT PROTOTYPES Continued

The Federal Reserve System aids in the transferring of funds
between banks in South Carolina and California. This is an
example of which service of the Federal Reserve System?
A.
B.
C.
D.

Acting as a clearinghouse
Managing the discount rate
Participating in open market operations
Supervising banks

ANSWER: