Accounting and Finance Foundations

Unit 3

Accounting and Finance Foundations Unit 3: The Role of Money 238

Open-Response Unit Assessment

Tasks

A. Record the following transactions in Kyler’s checkbook register:

August Purchases, Payments, and Deposits

Date Transaction Amount Description

08/02/2012 Check #1102 $630.00 Jack’s Bookstore—Book for next semester

08/06/2012 Deposit $25.00 Refund for book returned to Jack’s Bookstore

08/07/2012 Deposit $350.00 Payment for landscaping work

08/07/2012 Debit Card $30.00 Jennie’s Crab Legs

08/08/2012 Debit Card $25.22 Marathon—Gas

08/10/2012 Deposit $0.02 Interest earned

08/15/2012 Deposit $200.00 Payment for babysitting for Jack & Jill

08/15/2012 Electronic Withdrawal $79.50 State Farm—Car insurance

08/22/2012 Debit Card $7.50 Mike’s Pop Shop

08/25/2012 Check #1103 $250.00 Union Grove Apartments—Rent

08/28/2012 Debit Card $12.00 Al’s Grocery

08/29/2012 ACH Deposit $330.00 Paycheck from ice cream shop

08/31/2012 Bank Fee $5.00 Recorded on bank statement

08/31/2012 Check #1104 $75.15 Kentucky Electric—Utilities

08/31/2012 Check #1105 $250.00 Education Services, Inc.—Student loan

08/31/2012 Deposit $200.00 From parents for books

S/T Guide