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SECTION. 4-2. pp. 169-171. Writing Checks. Write: a check. Section Objective. Key Words to Know. checking account (p. 169) A monetary account that allows the holder to write checks against money that has been deposited into it. Key Words to Know. check (p. 169) - PowerPoint PPT Presentation
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Section ObjectiveSection ObjectiveWrite:
• a check
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checking account (p. 169)
A monetary account that allows the holder to write checks against money that has been deposited into it.
Key Words to KnowKey Words to Know
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check (p. 169)
A written order that directs a bank to deduct money from your checking account to make a payment.
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Fleet Footed Finances p. 169Fleet Footed Finances p. 169
What does it mean if you bounce a check?
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Write the following in word form.
a. $65.29
b. $235.58
Example 1Example 1
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Step: Write the amounts in word form.
$65.29 in word form is sixty-five and 29/100 dollars
$235.58 in word form is two hundred thirty-five and 58/100 dollars
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Margaret Miller is buying a gift at the Department Store on March 23. The cost of the gift is $45.78. Miller is paying by check.
How should she write the check?
Example 2Example 2
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Write the date. (All writing should be in pen.)
Example 2 Answer: Example 2 Answer: Step 1Step 1
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Write the name of the person or organization to whom payment will be made.
Example 2 Answer: Example 2 Answer: Step 2Step 2
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Write the amount of the check as a numeral.
Example 2 Answer: Example 2 Answer: Step 3Step 3
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Write the amount of the check in words with cents expressed as a fraction of a dollar.
Example 2 Answer: Example 2 Answer: Step 4Step 4
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Make a notation on the check to indicate its purpose.
Example 2 Answer: Example 2 Answer: Step 5Step 5
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Sign the check.
Example 2 Answer: Example 2 Answer: Step 6Step 6
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Figure 4.3Figure 4.3
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Write each amount in word form with cents expressed as a fraction of a dollar.
$88.37
Practice 1Practice 1
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eighty-eight and 37/100 dollars dollars
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Write each amount in numerals as it would appear on a check.
four hundred sixty-four and 11/100 dollars
Practice 2Practice 2
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$464.11
Practice 2 AnswerPractice 2 Answer