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Printable classroom economy activity where students practice balancing a checkbook by tracking deposits, withdrawals, and calculating ending balances.

Classroom Economy Balancing a Checkbook worksheet with transaction table and balance calculation section.

Classroom Economy Balancing a Checkbook worksheet with transaction table and balance calculation section.

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Show Answer Key & Explanations Step-by-step solution for: Balancing a Checkbook Activity Part of Classroom Economy Unit by ...
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To find the ending balance, we need to go through the checkbook row by row. We start with the Starting Balance of $260.

For each row, we calculate the new balance using this rule:
* Withdrawals take money out (subtract).
* Deposits put money in (add).

Here is the step-by-step calculation:

1. Start: $260.00
2. Row 10781 (Internet Fee): Subtract $10 withdrawal.
* $260 - $10 = $250
3. Row 10782 (Books): The balance stays at $240 according to the sheet. This means a withdrawal of $10 happened ($250 - $10 = $240).
4. Row 10783 (Birthday Money): The balance goes from $240 to $319. This is a deposit.
* Current Balance: $319
5. Row 10784 (Video Game): The balance goes from $319 to $259. This is a withdrawal.
* Current Balance: $259
6. Row 10785 (Candy): The balance goes from $259 to $246. This is a withdrawal.
* Current Balance: $246
7. Row 10786 (Hamburger & Fries): Subtract $12 withdrawal.
* $246 - $12 = $234
8. Row 10787 (Babysitting): Add $25 deposit.
* $234 + $25 = $259
9. Row 10788 (Movie & Popcorn): Subtract $10 withdrawal.
* $259 - $10 = $249
10. Row 10789 (Music Downloads): Subtract $50 withdrawal.
* $249 - $50 = $199

The final calculated balance is $199.

Final Answer:
199
Parent Tip: Review the logic above to help your child master the concept of how to balance a checkbook worksheet.
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