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Virtual - Checkbook Simulation
Virtual - Checkbook Simulation
Checkbook Reconciliation:
Step 1
Step 2
Step 3
Step 4
Checkbook Simulation Instructions and Guidelines:
Checkbook Reconciliation:
Go through the bank statement and ANYTHING listed on the statement (deposits, checks, ATM w
debit card transactions, online payments, etc) needs to get a in the check register next to that it
sure to include items listed above the Account Reconciliation form as well.)
List anything in the Debits (-) column that does NOT have a checkmark in the Payments Outstand
the left of the Account Reconciliation form & total these outstanding payments.
If there is a bank service charge listed on the statement (in “Other Account Activity”), record tha
the check register (to deduct that amount from your balance)
January 8 0
February 7 0
March 7 0
April 8 0
May 7 0
Missing Subtotals
(Max -3, 1pt per up to 3) 3 0
Subtotal 40 0
TOTAL 100 5
JANUAR
X Jan 3
Jan 8
Jan 9
Jan 15
Jan 15
Jan 19
Jan 22
Jan 28
Jan 29
Jan 31
Jan 31
FEBRUA
Feb 1
Feb 3
Feb 8
Feb 10
Feb 10
Feb 11
Feb 15
Feb 18
Feb 25
Feb 28
MARCH
Mar 2
Mar 3
Mar 4
Mar 4
Mar 5
Mar 7
Mar 10
Mar 14
Mar 18
Mar 22
Mar 31
Mar 31
Mar 31
APRIL
Apr 10
Apr 12
Apr 13
Apr 17
Apr 18
Apr 25
Apr 25
Apr 26
Apr 27
Apr 30
Apr 30
May
May 1
May 5
May 6
May 6
May 9
May 9
May 14
May 18
May 30
May 31
JANUARY
Open your checking account with a deposit of $637.20. The check of 546.10 represents your bi-weekly payc
time sales work.
Using a restrictive endorsement.
Write Check 101 for $35.24 to National Electric Company for their bill dated January 3.
Write Check 102 for $24.00 to Readers’ Service, Inc. for a 12-month subscription to Up-Date Magazine.
Write Check 103 for $28.00 to Palmer Reed for concert tickets.
Write Check 104 for $28.13 to Verizon Wireless for their bill dated January 12.
Write Check 105 for $132.24 to Hilltop Garage for service to your car.
Write Check 106 for $33.93 to Apparel Unlimited for clothes.
Your received your bi-weekly paycheck for $677.25. You would like to take $60.00 out of your paycheck for
using a blank endorsement
Write Check 107 for $314.12 to KMT Insurance for a semi-annual car insurance premium
Write Check 108 for $425.00 to Coach Meyer for February rent. STOP HERE Watch Banking SImu
Get your January bank reconciliation statement from your teacher and reconcile your account for the mont
charge by the bank for this month. (TIP: your checkbook balance should be $233.79 before SC)
FEBRUARY
Write Check 109 for $.95 to Kalamazoo Gazette for a pamphlet on food nutrition.
Write Check 110 for $72.40 to Meijer’s for groceries.
Write Check 111 for $32.81 to National Electric Company for their bill date February 3.
Write Check 112 for $67.14 to Internal Revenue Service for the balance due on your federal income tax.
Write Check 113 for $30.00 to Dr. Ronald Zingen for a dental examination.
You received your bi-weekly paycheck for $546.18. You also have a check for $80.00 that you would like to
Make the proper deposit using a blank endorsement for both.
Write Check 114 for $24.85 to Bell Telephone Company for their bill dated February 24.
You made an ATM cash withdrawal of $50.00 from your checking account for spending $.
Write Check 115 for $425.00 to Coach Meyer for March rent.
Reconcile your account for February.
MARCH
Write Check 116 for $56.98 to D&W Supermarket for groceries.
Write Check 117 for $26.00 to Best Buy for two CDs.
Last month you applied for a loan for the purchase of a used car. Your loan application was approved and t
Deposit the check using a restrictive endorsement .
Using the ATM, transfer $2,500.00 from your savings account to your checking account. This money will be
Write Check 118 for $5780.00 to Thomas Auto Sales for the purchase of a used car.
Write Check 119 for $28.10 to National Electric Company for their bill dated March 3.
Write Check 120 for $9.75 to Star Dry Cleaners for some clothes you had cleaned.
Write Check 121 for $35.00 to Dr. James Morgan, M.D. for a routine physical exam.
You used your Debit Card to pay $62.40 to Eastbay Apparel for a new jacket.
Using the ATM, transfer $100.00 from your checking account to your savings account.
Write Check 123 for $22.18 to Bell Telephone Company for their bill dated March 12.
Write Check 124 for $425.00 to Coach Meyer for April Rent.
Reconcile your account for the month of March.
APRIL
Write Check 125 for $42.64 to National Electric Company for their bill dated April 3.
Write Check 126 for $16.83 to Macy’s Department Store for some grooming items.
You receive $612.57 for your bi-weekly paycheck. You also have another check for $85.25 from a neighbor w
deposit
using a restrictive endorsement for both checks.
Write Check 127 for $126.45 to Menard’s for a new vacuum cleaner.
Write Check 128 for $40.67 to Bell Telephone Company for their bill dated April 12.
You received a notice from your bank that the check for $85.25 you deposited on April 13th is being returne
wrote it and at your request he gave you cash. (TIP: This transaction will decrease your account balance.)
Write Check 129 for $87.42 to Crown Appliance Service for repair to your tv.
Write Check 130 for $33.98 to Coldstone Creamery for a birthday cake.
You received $647.64 as your paycheck. Take $30.00 out for spending money. Make the proper deposit usin
Write Check 131 for $425.00 to Coach Meyer for May rent.
Reconcile your account.
May
You use your internet account acces to pay $152.86 to your Bank for the first payment of your car loan.
You also use the internet to set up repeating payments of $152.86 to be made on the first day of each mont
**(You won't write any checks, but be sure to record and deduct the payment.)
You need cash for Groceries and the weekend; use your Debit Card to get $120 from the ATM.
Make a deposit of $685.45. This is your paycheck. ** You will not have to do a deposit slip anymore deposit
Make an on-line payment dated May 9 for $41.96 to National Electric Company for their billl dated May 3.
Use your Debit Card to pay $229.99 to Tech Mart for a new color printer.
Using your computer, go on-line and transfer $100 from your checking account to your saving account.
Make a deposit of $685.45. This is your paycheck. ** You will not have to do a deposit slip anymore deposit
Make an on-line payment dated June 1 for $39.26 to Verizon for their billl dated May 12.
Make an on-line payment dated June 3 for $450.00 to Colonial Apartments, Inc. for June rent.
Reconcile your account.
Jan 3rd - Deposit Slip
Deposit ENDORSE HERE
Dollars Cents
Date CASH
CHECKS
Name
Slip
ENDORSE HERE
Slip
ENDORSE HERE
DO NOT WRITE, STAMP OR SIGN BELOW THIS LINE DO NOT WRITE, STAMP OR SIGN BELOW THIS LINE
RESERVED FOR FINANCIAL INSTITUTION USE RESERVED FOR FINANCIAL INSTITUTION USE
Slip
ENDORSE HERE
DO NOT WRITE, STAMP OR SIGN BELOW THIS LINE
RESERVED FOR FINANCIAL INSTITUTION USE
Name: Hour:
Check Register
Number Date Description of Transaction C Debit (-) Credit (+) Balance
$ -
John Doe
1234 North Main
7/10 - 87839
101
Nixa, Missouri 65714
20
PAY TO THE
ORDER OF $
FOR
John Doe
1234 North Main
9/16 - 87839
102
Nixa, Missouri 65714 20
PAY TO THE
ORDER OF $
FOR
101 John Doe
1234 North Main
Nixa, Missouri 65714
PAY TO THE
ORDER OF
DOLLARS
FOR
PAY TO THE
ORDER OF
DOLLARS
FOR
5/13 - 87839
103
20
DOLLARS
3/24 - 87839
104
20
DOLLARS
January
CHECKING ACCOUNT STATEMENT
BEGINNING BALANCE $ -
DEPOSITS / CREDITS $ 637.00
CHECKS / DEBITS $ 539.98
ENDING BALANCE $ 97.22
EXPLANATIONS
AC - ATM Transfer to CheckingCC - Certified Check EC - Error Correction
AD - ATM Deposit CM - Credit Memo OD - Overdraft Charge
AB - ATM Transfer to Savings DBT - Debit Card TransactionPP - Preauthorized Payment
AW - ATM Withdrawal DM - Debit Memo RC - Returned Check Charge
January
ACCOUNT RECONCILEMENT
1. Ending Balance on Statement
ACCOUNT # 1--
123456789012
STATEMENT DATE 2. Deposits not in statement
1/31/2019 Date Amount
Total 4--
EXPLANATIONS
AC - ATM Transfer to Checking CC - Certified Check EC - Error Correction
AD - ATM Deposit CM - Credit Memo OD - Overdraft Charge
AB - ATM Transfer to Savings DBT - Debit Card Transaction PP - Preauthorized Payment
AW - ATM Withdrawal DM - Debit Memo RC - Returned Check Charge
February
ACCOUNT RECONCILEMENT
1. Ending Balance on Statement
ACCOUNT # 1--
123456789012
STATEMENT DATE 2. Deposits not in statement
2/28/2016 Date Amount
EXPLANATIONS
AC - ATM Transfer to Checking CC - Certified Check EC - Error Correction
AD - ATM Deposit CM - Credit Memo OD - Overdraft Charge
AB - ATM Transfer to Savings DBT - Debit Card Transaction PP - Preauthorized Payment
AW - ATM Withdrawal DM - Debit Memo RC - Returned Check Charge
March
ACCOUNT RECONCILEMENT
1. Ending Balance on Statement
ACCOUNT # 1--
123456789012
STATEMENT DATE 2. Deposits not in statement
3/31/2019 Date Amount
Total 2--
BALANCE
$ 705.49
$ 671.56 3. Add item 1 to item 2
$ 604.42 3--
$ 579.57
$ 154.57 4. Outstanding Checks, debts, xfers
$ 97.59 Check # Amount
$ 4,097.59
$ 6,597.59
$ 817.59
$ 807.84
$ 745.44 Total 4--
$ 645.44
$ 220.44 5. Subtract item 4 from item 3
$ 218.19 Balance 5--
This # should agree with your register
balance at the end of each month
EXPLANATIONS
AC - ATM Transfer to Checking CC - Certified Check EC - Error Correction
AD - ATM Deposit CM - Credit Memo OD - Overdraft Charge
AB - ATM Transfer to Savings DBT - Debit Card Transaction PP - Preauthorized Payment
AW - ATM Withdrawal DM - Debit Memo RC - Returned Check Charge
April
ACCOUNT RECONCILEMENT
1. Ending Balance on Statement
ACCOUNT # 1--
123456789012
STATEMENT DATE 2. Deposits not in statement
4/30/2019 Date Amount
EXPLANATIONS
AC - ATM Transfer to Checking CC - Certified Check EC - Error Correction
AD - ATM Deposit CM - Credit Memo OD - Overdraft Charge
AB - ATM Transfer to Savings DBT - Debit Card Transaction PP - Preauthorized Payment
AW - ATM Withdrawal DM - Debit Memo RC - Returned Check Charge
May
ACCOUNT RECONCILEMENT
1. Ending Balance on Statement
ACCOUNT # 1--
123456789012
STATEMENT DATE 2. Deposits not in statement
5/31/2019 Date Amount
Examples
$543.23 = Five hundred forty-three and 23/100
$55.00 = Fifty-five and no/100
$1,250.55 = One thousand two hundred fifty and 55/100
e Check Numbers
thirty 40 forty 50 fifty
thirty-one 41 forty-one 51 fifty-one
thirty-two 42 forty-two 52 fifty-two
thirty-three 43 forty-three 53 fifty-three
thirty-four 44 forty-four 54 fifty-four
thirty-five 45 forty-five 55 fifty-five
thirty-six 46 forty-six 56 fifty-six
thirty-seven 47 forty-seven 57 fifty-seven
thirty-eight 48 forty-eight 58 fifty-eight
thirty-nine 49 forty-nine 59 fifty-nine