Student worksheet for calculating bank account balances using a checkbook register.

Let’s solve this step by step.

We are given a bank statement and told that the previous balance (from last month) was $956.90.

The current bank statement shows:

- Deposits and Credits:
- 4/1: $897.25 → Deposit
- 4/15: $383.50 → Deposit
- 4/30: $997 → Deposit

- Withdrawals and Debits:
- 4/5: $98.12 → Check #174
- 4/12: $84.51 → Check #175
- 4/22: $14.33 → Service Charge

We need to calculate the current balance as of the end of April (since the last transaction is on 4/30).

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Step 1: Start with previous balance

Previous Balance = $956.90

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Step 2: Add all deposits and credits

Deposits:
- $897.25
- $383.50
- $997.00

Add them up:

First, $897.25 + $383.50 = $1,280.75

Then, $1,280.75 + $997.00 = $2,277.75

Total Deposits = $2,277.75

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Step 3: Subtract all withdrawals and debits

Withdrawals:
- $98.12 (Check #174)
- $84.51 (Check #175)
- $14.33 (Service Charge)

Add them up:

$98.12 + $84.51 = $182.63

$182.63 + $14.33 = $196.96

Total Withdrawals = $196.96

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Step 4: Calculate Current Balance

Formula:

> Current Balance = Previous Balance + Total Deposits – Total Withdrawals

So:

$956.90 + $2,277.75 = $3,234.65

Then subtract withdrawals:

$3,234.65 – $196.96 = ?

Let’s do that subtraction carefully:

$3,234.65
– $196.96
= ?

Start from the right:

- 5 – 6 → can’t do, borrow → 15 – 6 = 9 (tenths place becomes 5 after borrowing? Wait — let's align decimals properly.)

Actually, better to write it out:

```
3234.65
– 196.96
----------
```

Borrowing step-by-step:

- Hundredths: 5 < 6 → borrow from tenths → but tenths is 6, so we can borrow.
→ 15 – 6 = 9 (hundredths)
→ Tenths become 5 (after lending 1)

- Tenths: 5 – 9 → can’t do → borrow from units.
Units digit is 4 → borrow 1 → units become 3, tenths become 15.
→ 15 – 9 = 6

- Units: now 3 – 6 → can’t do → borrow from tens.
Tens digit is 3 → borrow 1 → tens become 2, units become 13.
→ 13 – 6 = 7

- Tens: now 2 – 9 → can’t do → borrow from hundreds.
Hundreds digit is 2 → borrow 1 → hundreds become 1, tens become 12.
→ 12 – 9 = 3

- Hundreds: now 1 – 1 = 0

- Thousands: 3 remains (no subtraction there)

Wait — actually, let me recompute using calculator-style addition/subtraction to avoid error.

Alternative way:

$3,234.65 – $196.96

Think of it as:

$3,234.65 – $200 = $3,034.65
But we subtracted $3.04 too much (because 200 – 196.96 = 3.04), so add back $3.04:

$3,034.65 + $3.04 = $3,037.69

✔ That’s correct.

Double-check:

$196.96 + $3,037.69 = ?

196.96 + 3037.69:

- 96 + 69 = 165 → write 65, carry 1
- 6 + 7 + 1 = 14 → write 4, carry 1
- 9 + 3 + 1 = 13 → write 3, carry 1
- 1 + 0 + 1 = 2
- 3 → 3

→ $3,234.65 ✔ Correct.

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Final Answer:
$3,037.69