(a) According to the bank statement, how many checks were written from this account during the statement period? (0.5 points) (b) There are two differences between the bank statement and the check register. Describe each of them. (2-4 sentences. 1.0 points) TIP: These are transactions that Jessie Robinson forgot to write down in the check register. (c) Do you think it is best to keep track of finances using a check register, a bank statement, or both? Why? (2-4 sentences. 1.0 points) (d) List at least two non-discretionary expenses listed on the bank statement or check register. (1-2 sentences. 1.0 points) (e) List at least one discretionary expense listed on the bank statement or check register. (1-2 sentences. 0.5 points) (f) Describe at least one challenge of keeping a check register. (1-2 sentences. 1.0 points) Check Register Number Date Description of Transaction Withdrawal (-) Deposit (+) Balance 3/5/11 Previous balance 3/6/11 ATM withdrawal $50.00 3/10/11 Groceries (debit card purchase) $115.25 1020 3/13/11 Electric bill 1021 3/15/11 Rent 1022 3/17/11 Car Insurance 3/18/11 Cleaning supplies (debit card purchase) 1023 3/18/11 Cable/internet bill 3/20/11 Paycheck 1024 3/21/11 Charitable donation $19.55 $675.00 $125.00 $11.40 $50.53 1025 3/22/11 Insurance co-pay 1026 3/23/11 Gasoline 3/24/11 Haircut (debit card purchase) $45.00 3/24/11 Birthday gift 3/27/11 Groceries (debit card purchase) 3/29/11 ATM withdrawal 1027 3/31/11 Gym dues $2,200.25 $2,200.25 - $50.00 $2,150.25 - $115.25 $2,035.00 -$19.55 $2,015.45 - $675.00 $1,340.45 -$125.00 $1,215.54 -$11.40 $1,204.05 -$50.53 $1,153.52 $1,500.00 + $1500.00 $35.00 $20.00 $27.67 $79.55 $75.00 $22.00 $40.00 $2,653.52 - $35.00 $2,618.52 - $20.00 $2,598.52 -$27.67 $2,570.85 - $45.00 $2,525.85 + $40.00 $2,565.85 -$79.55 $2,486.30 - $75.00 $2,411.30 - $22.00 $2,389.30 $ Bank of the United States 123 4th Avenue Seattle, WA 01234-5678 JESSIE L ROBINSON 987 MAIN ST SEATTLE WA 01234-5678 CHECKING ACCOUNT STATEMENT Statement Period 03-01-2011 to 03-31-2011 PAGE 1 OF 1 Account No. 123-456-7890 Date Description 03-05-2011 Previous balance 03-06-2011 ATM withdrawal 03-10-2011 Debit Card Purchase (Grocery World) Number Withdrawal Deposit Balance $2,200.25 $50.00 $2,150.25 $115.25 $2,035.00 03-12-2011 Debit Card Purchase (Bob's Drugstore) $25.50 $2,009.50 03-13-2011 Check 1020 $19.55 $1,989.95 03-15-2011 Check 1021 $675.00 $1,314.95 03-17-2011 Check 1022 $125.00 $1,189.95 03-18-2011 Debit Card Purchase (Bob's Drugstore) $11.40 $1,178.55 03-18-2011 Check 1023 $50.53 $1,128.02 03-20-2011 Payroll Deposit $1,500.00 $2,628.02 03-21-2011 Check 1024 $35.00 $2,593.02 03-22-2011 Check 1025 $20.00 $2,573.02 03-23-2011 Check 1026 $27.67 $2,545.35 03-24-2011 Debit Card Purchase (Galaxy Hair Salon) $45.00 $2,500.35 03-24-2011 Deposit $40.00 $2,540.35 03-27-2011 Debit Card Purchase (Grocery World) $79.55 $2,460.80 03-29-2011 ATM withdrawal $75.00 $2,385.80 03-30-2011 Debit Card Purchase (Main Street Cinema) $10.00 $2,375.80 03-31-2011 Check 1027 $22.00 $2,353.80 **TOTALS** $1,366.45 $1,540.00