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This worksheet guides students through balancing a checkbook by calculating the total change in an account after a series of deposits and withdrawals.

Balancing a checkbook worksheet with a word problem about Dori's transactions and a blank ledger table.

Balancing a checkbook worksheet with a word problem about Dori's transactions and a blank ledger table.

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Show Answer Key & Explanations Step-by-step solution for: Balancing a Checkbook | Worksheet | Life skills ...
Let’s solve this step by step.

We are tracking Doni’s checkbook from October 1 to October 31. We start with a beginning balance of $986.25 (as told in the instructions).

Then we go through each transaction one by one, adding deposits and subtracting payments/debits.

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Starting Balance: $986.25

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Transaction 1: Oct 1 — Paycheck deposit $556.75 → CHECK 1002

This is money coming IN → ADD

$986.25 + $556.75 = $1,543.00

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Transaction 2: Oct 3 — Spent $75.00 on shoes → CHECK 1003

Money going OUT → SUBTRACT

$1,543.00 - $75.00 = $1,468.00

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Transaction 3: Oct 4 — Spent $25.01 on sweater + $22.49 on jeans → CHECKS 1004 & 1005

Total spent: $25.01 + $22.49 = $47.50

Subtract that:

$1,468.00 - $47.50 = $1,420.50

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Transaction 4: Oct 15 — Grandmother gave $200.00 for birthday → CHECK 1006

Money coming IN → ADD

$1,420.50 + $200.00 = $1,620.50

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Transaction 5: Oct 20 — Paid phone bill $18.14 → CHECK 1007

Money going OUT → SUBTRACT

$1,620.50 - $18.14 = $1,602.36

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Transaction 6: Oct 28 — Groceries $85.42 → CHECK 1008

Money going OUT → SUBTRACT

$1,602.36 - $85.42 = $1,516.94

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Transaction 7: Oct 29 — Concert tickets $38.00 → CHECK 1009

Money going OUT → SUBTRACT

$1,516.94 - $38.00 = $1,478.94

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Transaction 8: Oct 31 — Rent payment $850.00 → CHECK 1010

Money going OUT → SUBTRACT

$1,478.94 - $850.00 = $628.94

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So, final balance at end of October = $628.94

But the question asks:
> What is the total change in Doni’s account?

That means: How much did the balance go up or down from start to finish?

Start: $986.25
End: $628.94

Change = End - Start
= $628.94 - $986.25
= -$357.31

Negative means the account went DOWN by $357.31.

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Final Answer:
-357.31
Parent Tip: Review the logic above to help your child master the concept of checking account worksheet for students.
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