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Printable worksheet for students to practice balancing a checkbook in a classroom economy system.

Classroom Economy Balancing a Checkbook worksheet with transaction table, check numbers, descriptions, and balance calculations.

Classroom Economy Balancing a Checkbook worksheet with transaction table, check numbers, descriptions, and balance calculations.

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Show Answer Key & Explanations Step-by-step solution for: Balancing a Checkbook Activity Part of Classroom Economy Unit ...
To find the ending balance, we need to go through each transaction one by one, starting with the initial balance of $260.

We will subtract any money taken out (Withdrawal) and add any money put in (Deposit).

Starting Balance: $260.00

1. Check #10781 (Internet Fee):
* Withdrawal: $10
* Calculation: $260 - $10 = $250
* *(This matches the balance shown on the sheet)*

2. Check #10782 (Books):
* The balance goes from $250 down to $240.
* Calculation: $250 - $240 = $10. So, the withdrawal was $10.
* Current Balance: $240

3. Check #10783 (Birthday Money):
* Deposit: $78
* Calculation: $240 + $78 = $318
* *(This matches the balance shown on the sheet)*

4. Check #10784 (Video Game):
* The balance goes from $318 down to $258.
* Calculation: $318 - $258 = $60. So, the withdrawal was $60.
* Current Balance: $258

5. Check #10785 (Candy):
* The balance goes from $258 down to $246.
* Calculation: $258 - $246 = $12. So, the withdrawal was $12.
* Current Balance: $246

6. Check #10786 (Hamburger & Fries):
* Withdrawal: $12
* Calculation: $246 - $12 = $234
* *(Note: The paper lists the balance as $258 here, but that is a printing error on the worksheet. The correct math is $234).*
* Current Balance: $234

7. Check #10787 (Babysitting):
* Deposit: $22
* Calculation: $234 + $22 = $256
* *(This matches the balance shown on the sheet, which confirms our previous step was correct despite the typo on the paper).*
* Current Balance: $256

8. Check #10788 (Movie & Popcorn):
* Withdrawal: $5
* Calculation: $256 - $5 = $251
* *(The paper lists the balance as $238 here, which is another error. The correct math is $251).*
* Current Balance: $251

9. Check #10789 (Music Downloads):
* Withdrawal: $30
* Calculation: $251 - $30 = $221

Final Answer:
The ending balance is $221.
Parent Tip: Review the logic above to help your child master the concept of check balancing worksheet.
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