financial literacy question

User Generated

oevgARRL

Mathematics

Description

you have been using your check register to keep track of financial activity related to your checking and savings accounts: ATM withdrawals, check deposits, written checks, receipts that detail your debit card spending, bill payments, and interest earned on your savings account. Today, you received your bank statement in the mail, and you opened the statement to reconcile with your check register. write a list to identify which transactions you expect to see as debits and as credits.

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Explanation & Answer

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debit-check deposits, interest earned, 

credit-written checks, ATM withdrawals, debit card spending, bill payments

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