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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 ...
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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