Martin puts his weekly paycheck into his checking account. In which column should he write the value of his paycheck?

Deposits
Balance

Martin should write the value of his paycheck in the '(+) Deposits' column of his checking account ledger, as this column is meant for recording increases in his account balance. This ensures that his financial records accurately reflect the money coming in. By keeping track of his deposits, Martin can better manage his finances.
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Answered by Anonymous | 2025-07-04

Martin deposits his paycheck, which increases his account balance.
The table has a column labeled '(+) Deposits' for recording additions to the account.
Therefore, he should write the value of his paycheck in the '(+) Deposits' column.
The final answer is Deposits.

Explanation

Understanding the Problem Martin is depositing his paycheck into his checking account. We need to determine which column in the provided table he should write the value of his paycheck.

Analyzing the Table The table includes columns for 'Check number', 'Date', 'Description of Transaction', '(-) Debit', a checkmark, '(+) Deposits', and 'Balance'. A deposit increases the balance in the account.

Determining the Correct Column Since the paycheck is being deposited, the value of the paycheck should be written in the '(+) Deposits' column. This column is specifically for recording amounts added to the account.

Final Answer Therefore, Martin should write the value of his paycheck in the '(+) Deposits' column.


Examples
Imagine you're running a lemonade stand. When you receive money from customers, you're making a deposit into your 'lemonade stand' bank. Just like Martin's paycheck, you would record this amount in the 'deposits' column of your record book to keep track of how much money you're earning. This helps you manage your finances and know how much money you have available.

Answered by GinnyAnswer | 2025-07-04