Bank Statement Analysis

Name: ___________________________
Date: ___________________________

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 What was the total amount withdrawn during this period?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: __________________