Bank Statement Analysis
Part A: Complete the Bank Statement
Calculate the running balance after each transaction. The opening balance is $450.00.
| Date | Description | Withdrawal | Deposit | Balance |
|---|---|---|---|---|
| 1 Nov | Opening Balance | — | — | $450.00 |
| 3 Nov | Grocery Store | $67.50 | — | __________ |
| 5 Nov | Wages Deposit | — | $320.00 | __________ |
| 8 Nov | EFTPOS Purchase | $42.80 | — | __________ |
| 10 Nov | ATM Withdrawal | $100.00 | — | __________ |
| 12 Nov | Birthday Money | — | $50.00 | __________ |
Part B: Analysis Questions
1. What was the total amount withdrawn during this period?
__________________________________________
2. What was the total amount deposited during this period?
__________________________________________
3. Did the account balance increase or decrease overall? By how much?
__________________________________________
4. If there is a $15.00 monthly account fee charged on 15 Nov, what will the new balance be?
__________________________________________
Part C: Create Your Own Entry
Add one more transaction to the bank statement above. Choose either a deposit or withdrawal, give it a description, and calculate the new balance.
Date: __________________ Description: ________________________________
Amount: __________________ New Balance: __________________