Opening and Managing a Checking Account Rule # 1 To manage your checking account, you need to keep careful records This record keeping involves two major steps: writing down every check and ATM transaction you make and balancing your check register against your bank statement. Check Register 1. The first step in managing your checking account is to keep good records of deposits and debits. Using the check register below, complete the balance column by subtracting debits and adding deposits. The first transaction is completed to show you how it's done. Check Deposit Withdrawal Balance Date Amount No. Transaction Amount 117.93 3/17 225 Butterfields Grocery Store 7.95 -7.95 appetizers for Erin's party 109.98 3/2 226 Central Telephone Company 19.95 3/22 ATM 20.00 for movies with Paul and Leanda 3/22 227 Octagon Ticket Agency 29.9 for music festival ticket 3/25 228 U.S. Post Office 5.75 send Shawn's birthday gift Pearson Educ Inc., publishing as Pearson Prentice Hall. All Rights Reserv 3/28 deposit paycheck 210.59 3/30 ATM 20.00 4/5 229 Monroe's Dry Cleaners 3.95 dry clean "interview suit" 4/7 230 Hawkins Department Store 47.53 shoes to go with interview suit 4/10 deposit 50.00 birthday gift from Aunt Teresita 4/12 231 Ted's Auto Shop 179.03 repairs 4/18 deposit paycheck 223.76 4 Opening and Managing a Checking Account