The Thorndike arithmetics Volume 3

This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1917 Excerpt: ...the bank to pay, to whom the bank is to pay the money, what the money is paid for, when you ordered it to be paid, and anything else you wish. 9. Examine this sample page, and a real check book, if possible. Sometimes several stubs are printed together and a place is arranged to keep account of deposits. Pay To AMOUNTS MAWAf 10. What would you write on the checks themselves and what would you write on the stubs if you had $86.23 in the First National Bank on the morning of Nov. 18, and on that day wrote orders to that bank to pay John Doe $2.75 (for a pair of shoes), Richard Roe $2.00 (to repay him for $2.00 he lent you the day before), $3.00 to your mother (for a week's board), and $6.85 to Montgomery, Ward & Co. (for Christmas presents)? 11. How much money will you have left in the bank when these checks have been paid? 12. Ought anybody to keep account of how much money he deposits in a bank? Of what else should he keep account? 13. Keeping a Checking Account You do not usually receive any interest on money that you deposit in the bank to be paid out at your order (except from some banks on large deposits or for special reasons). So the money you have left in the bank at the end of a month or year equals the money you had at the beginning, plus the money you have put in, minus the money the bank has paid out on your checks. New Balance = Old Balance + Deposits--Checks. 1. John's balance on Oct. 1, 1917, was $61.24. He deposited $12 on Oct. 3, $14 on Oct. 10, $15 on Oct. 17, $15 on Oct. 24, and $50 on Oct. 26. He drew checks during October for $5.25, $3.50, $8.00, $1.50, and $24.00. What was his balance on Nov. 1? If a man in business has a chance to buy goods cheaply and has not enough balance in the bank to pay for the goods, he borrows money from h...