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Writing Checks

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)

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Writing Checks

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  1. SECTION 4-2 pp. 169-171 Writing Checks

  2. Write: • a check Section Objective

  3. 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.

  4. Key Words to Know check (p. 169) A written order that directs a bank to deduct money from your checking account to make a payment.

  5. Fleet Footed Finances p. 169 What does it mean if you bounce a check?

  6. Example 1 • Write the following in word form. • $65.29 • $235.58

  7. Example 1 Answer 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

  8. Example 2 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?

  9. Example 2 Answer: Step 1 Write the date. (All writing should be in pen.)

  10. Example 2 Answer: Step 2 Write the name of the person or organization to whom payment will be made.

  11. Example 2 Answer: Step 3 Write the amount of the check as a numeral.

  12. Example 2 Answer: Step 4 Write the amount of the check in words with cents expressed as a fraction of a dollar.

  13. Example 2 Answer: Step 5 Make a notation on the check to indicate its purpose.

  14. Example 2 Answer: Step 6 Sign the check.

  15. Figure 4.3

  16. Practice 1 Write each amount in word form with cents expressed as a fraction of a dollar. $88.37

  17. Practice 1 Answer eighty-eight and 37/100 dollars

  18. Practice 2 Write each amount in numerals as it would appear on a check. four hundred sixty-four and 11/100 dollars

  19. Practice 2 Answer $464.11

  20. END OF SECTION 4-2 Writing Checks

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