Practice reading a bank statement by identifying transactions, calculating balances, and checking for possible errors.
Read each bank statement problem carefully. Show your work in the space provided and explain your reasoning when asked.
Understanding deposits, withdrawals, fees, and balances
Financial Literacy - Grade 6-8
- 1
Maya's bank statement shows a beginning balance of $245.60. During the month, she deposited $80.00 and withdrew $35.25. What should her ending balance be?
- 2
A bank statement lists these transactions: beginning balance $120.00, debit card purchase $18.45, ATM withdrawal $40.00, deposit $75.00, and monthly service fee $5.00. Calculate the ending balance.
- 3
On Jordan's statement, a transaction labeled 'Deposit' shows $150.00. Does this increase or decrease the account balance? Explain your answer.
- 4
A bank statement shows an ending balance of $386.20. The checkbook register shows $406.20. What is the difference between the two balances?
- 5
Lena's statement shows a $12.00 monthly maintenance fee. If her balance before the fee was $98.75, what is her balance after the fee is taken out?
- 6
A bank statement includes the following entries: 9/3 deposit $60.00, 9/5 debit card purchase $22.35, 9/8 check #104 $31.50, and 9/12 deposit $45.00. Which transactions are withdrawals?
- 7
Noah had a beginning balance of $500.00. His ending balance was $462.40. There were no deposits during the month. How much money was withdrawn or charged in total?
- 8
A bank statement shows an ATM withdrawal of $40.00 and an ATM fee of $3.00 for the same day. How much did the account balance decrease in total?
- 9
Priya's bank statement shows a debit card purchase at a grocery store for $28.64. Priya's receipt says the purchase was $26.84. What should Priya do next?
- 10
Use this statement summary: beginning balance $210.50, deposits $125.00, withdrawals $94.75, and fees $6.00. What is the ending balance, and what does this tell you about the account for the month?