Post date: Apr 20, 2016 3:39:54 PM
Test #3
Follow these directions and use the attached Information, Docs and sheets to complete the task for the test
First Create a new Folder in your shared folder (in your Drive) and name the folder "Test 3"
File - Make a Copy of all the following parts to the test and include them in the Test 3 Folder
Use the following Document to Record a month's worth of transactions November Money
Remember to only record transactions that effect the Checking account in the check register.
Use this template for the Check Register to record those transactions
Use this template to record all money coming in and money going out in your budget. The "Planned" budget is listed. You are recording all spending and income to figure out the "Actual" budget.
Once you have recorded all the transactions in the check register and the budget. Use this template to complete the Bank Reconciliation. Remember to make sure the 2 balances (check register and bank statement) balance.
Based on your budget for November, you are considering the following scenarios in this Google Doc. Discuss your ability to do each, and mention 2 pros and 2 cons for each scenario. If you are not able to currently afford each scenario, give a suggestion on how you could afford it. If you are currently able to afford it, should you, how could it effect your budget long term?
This is due Sunday April 28th by Midnight (Today is your only day in class to work on it)Â
Good luck and again make sure this is all in a New Folder named Test 3 that is placed inside your shared folder.