Student Assessment 1.2.3.

B1

Checking Account and

Debit Card
Simulation

Student Assessment

Introductory Level

© Take Charge Today – January 2018 – Checking Account & Debit Card Simulation – Page 1
The University of Arizona
 Student Assessment 1.2.3.B1

Directions
Step One:
View Sally Smith’s monthly transactions described below and complete all necessary transactions
using the information on pages 3-10.

September 2 - Endorse Sally’s September paycheck for $154.01 from “Shake Shack” with a blank
endorsement and complete the deposit slip.

September 4 - Record a debit card transaction for $15.78 at “Gas ‘N’ Go” for fuel in the check
register.

September 6 - Write check #501 to “Pizza Hut” for pizza for $9.50 and record in the check register.

September 10 - Write check #502 to “Circle K” for food for $3.99 and record in the check register.

September 13 -Record ATM transaction for $20.00 cash in the check register.

September 15 -Record a debit card transaction at “Gas ‘N’ Go” for fuel for $16.92 in the check
register.

September 18 -Write check #503 for frozen yogurt to “Sweet Frog” for $5.00 and record in the check
register.

September 23 -Endorse the birthday gift check for $40.00 from Paula Smith with a restricted
endorsement into bank account #123456789 and complete the deposit slip.

September 27 -Record a debit card transaction in the check register for dinner at “JR’s Café” for
$12.50.

September 29 -Record a debit card transaction in the check register for purchasing food at “Super
Mart” for $14.75.

September 30 -Write check #504 for $30.00 to “SHS Student Activities” to pay for an activity ticket
and record in the check register.

Step Two:
Reconcile Sally’s September bank statement using her completed check register and information on
page 9 and 10.

Step Three:
Answer all review questions on page 11 and 12.

© Take Charge Today – January 2018 – Checking Account & Debit Card Simulation – Page 2
The University of Arizona
 Student Assessment 1.2.3.B1
September Paycheck & Deposit Slip

Shake Shack 93-456-9540 1234

Main Street 45086244786
Yourtown, MT 55555 Date September 2, 2XXX

Pay to the
Order of: Sally Smith $154.01
One Hundred Fifty-Four and 01/100 Dollars
Guardian Angel Banking
423 South 15th
Yourtown, MT 55555

Memo September Paycheck Shake Shack Manager

0123456789 : 0987654321 : 1234
Shake Shack Pay Period 8/1/2XXX -8/31/2XXX
Employee SSN Check # Check Amount
Smith, Sally 000-00-0000 1234 $154.01
Employee Address Pay Type- Deductions Current Year-to-date
500 Great Street Gross Pay
Yourtown, MT 55555 $180.00 Federal Withholding $7.50 $120.00
State Withholding $4.72 $75.52
Hours Worked Social Security $11.16 $178.56
30.00 Medicare $2.61 $41.76
Hourly Rate
$6.00 Totals $25.99 $415.84

Endorse Here
X sally smith
DO NOT WRITE, STAMP OR SIGN BELOW THIS LINE
RESERVED FOR FINANCIAL INSTITUTION USE

Deposit Slip 93-456-9540

Dollars Cents
CASH
Sally Smith
500 Great Street CHECKS
Yourtown, MT 55555 List Singly

9-2-21 #1234 154 01

Date
DEPOSITS MAY NOT BE AVAILABLE FOR IMMEDIATE WITHDRAWAL
Total From Other Side
SIGN HERE FOR CASH RECEIVED
SUBTOTAL 154 01
Guardian Angel Banking
423 South 15th * Less Cash Received
Yourtown, MT 55555
NET DEPOSIT $ 154 01
0123456789 : 1234567890 "

© Take Charge Today – January 2018 – Checking Account & Debit Card Simulation – Page 3
The University of Arizona
 Student Assessment 1.2.3.B1
Debit Card Receipt & Checks 501-502

Debit Card Receipt

September 4, 2XXX

Gas ‘N’ Go
$15.78

Thank You For Your Business!

Sally Smith 93-456-9540 501

500 Great Street
Yourtown, MT 55555 Date 9-4-21

Pay to the
pizza Hut
Order Of
$ 9.50

nine and 50/100 Dollars

Guardian Angel Banking
423 South 15th
Yourtown, MT 55555

Memo pizza sally smith

0123456789 : 1234567890 : 501

Sally Smith 93-456-9540 502

500 Great Street
Yourtown, MT 55555 Date 9-6-21

Pay to the
circle K
Order Of
$ 3.99

three and 99/100 Dollars

Guardian Angel Banking
423 South 15th
Yourtown, MT 55555

Memo food Sally Smith

0123456789 : 1234567890 : 502

© Take Charge Today – January 2018 – Checking Account & Debit Card Simulation – Page 4
The University of Arizona
 Student Assessment 1.2.3.B1
ATM Receipt, Debit Card Receipt & Check 503

ATM Receipt

September 13, 2XXX

Machine Location: Guardian Angel Bank

423 South 15th
Yourtown, MT 55555

Cash Withdraw from Checking Account

$20.00

Debit Card Receipt

September 15, 2XXX

Gas ‘N’ Go
$16.92

Thank You For Your Business!

Sally Smith 93-456-9540 503

500 Great Street
Yourtown, MT 55555 Date

Pay to the
$
Order Of

Dollars
Guardian Angel Banking
423 South 15th
Yourtown, MT 55555

Memo
0123456789 : 1234567890 : 503

© Take Charge Today – January 2018 – Checking Account & Debit Card Simulation – Page 5
The University of Arizona
 Student Assessment 1.2.3.B1
Birthday Money & Deposit Slip

Paula Smith 99-123-4789 5678

700 Friendly Boulevard 78945612377
Yourtown, MT 55555 Date September 20, 2XXX

Pay to the
Sally Smith
Order of: $40.00

Forty and no/100 Dollars

Guardian Angel Banking
423 South 15th
Yourtown, MT 55555

Memo Birthday Gift Paula Smith

0123456789 : 1212121212 : 5678

Endorse Here
X sally smith
DO NOT WRITE, STAMP OR SIGN BELOW THIS LINE
RESERVED FOR FINANCIAL INSTITUTION USE

Deposit Slip 93-456-9540

Dollars Cents
CASH
Sally Smith
500 Great Street
CHECKS
Yourtown, MT 55555 List Singly

Date
DEPOSITS MAY NOT BE AVAILABLE FOR IMMEDIATE WITHDRAWAL
Total From Other Side

SIGN HERE FOR CASH RECEIVED

SUBTOTAL
Guardian Angel Banking
423 South 15th * Less Cash Received
Yourtown, MT 55555
NET DEPOSIT $
0123456789 : 1234567890 "

© Take Charge Today – January 2018 – Checking Account & Debit Card Simulation – Page 6
The University of Arizona
 Student Assessment 1.2.3.B1
Debit Card Receipts & Check 504

Debit Card Receipt

September 27, 2XXX

JR’s Cafe
$12.50

Thank You For Your Business!

Debit Card Receipt

September 19, 2XXX

Super Mart
$14.75

Thank You For Your Business!

Sally Smith 93-456-9540 504

500 Great Street
Yourtown, MT 55555 Date

Pay to the
$
Order Of

Dollars
Guardian Angel Banking
423 South 15th
Yourtown, MT 55555

Memo
0123456789 : 1234567890 : 504

© Take Charge Today – January 2018 – Checking Account & Debit Card Simulation – Page 7
The University of Arizona
 Student Assessment 1.2.3.B1
Check Register

Date Number Description of Trans- Payment/Debit Deposit/Credit √ Fee Balance

action (-) (+) (If
T Any) $ 100.00
9-2 DEP paycheck $ $154 01 $ 154 01
september 254 01
9-4 DC Gas on go 15 78 15 78
gas 238 23
9-6 501 pizza hut 9 50 9 50
food 228 23
9-10

© Take Charge Today – January 2018 – Checking Account & Debit Card Simulation – Page 8
The University of Arizona
 -

– – –
 Student Assessment 1.2.3.B1
Reconciling September Worksheet

Reconciling a Checking Account

Withdrawals Outstanding Deposits Outstanding

Number Amount Date Amount

Total Total

ENTER
Bank Statement Balance $

ADD (+)
Outstanding Deposits $

SUBTOTAL (=) $

SUBTRACT (-)
Outstanding Withdrawals $

CALCULATE (=)
Total should be the same as
the checkbook register $

© Take Charge Today – January 2018 – Checking Account & Debit Card Simulation – Page 10
The University of Arizona
 Student Assessment 1.2.3.B1

Review Questions
1. Describe what is written on the back of a deposit slip.

2. When signing a check, why should an individual sign his/her name in cursive writing?

3. Why is it important to record all transactions in the check register?

4. Why would transactions completed on the last day of the month be “outstanding” on the bank
statement?

5. What is the most difficult step in reconciling a checking account?

© Take Charge Today – January 2018 – Checking Account & Debit Card Simulation – Page 11
The University of Arizona