Sharp EL-733 EL-733A Operation Manual - Page 12

Sharp EL-733 Manual

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4. Subtract any cash withdrawals that appear below the line in your register and that occurred before the statement date. 5. Mark any checks (with a or *) that appear above the line in your register that don't show on the statement (and that haven't shown on previous statements). The quickest way to find these outstanding checks is to note the breaks in sequence in the list of numbered checks on your statement. Add the amounts of these outstanding checks. 6. Add any interest earned on the account and subtract any service charge. Record interest earned and/or service charge in your register (after the last entry). The number that you arrive at using the above procedure should exactly match the ending balance on the statement. Take a look at the following example: Example: You just received your latest bank statement dated Jun 1, 1989. The ending balance on the statement is $977.39 and the last check number on the statement is 1612. The calculated balance up to check number 1612 in your register is 907.93. And, one cash withdrawal on May 26, for 40.00, appears in your register after check 1612. There are six checks missing from the sequence of numbered checks on the statement, but three of those occur at the beginning of the list, so you assume that they are not outstanding. The three outstanding checks are for the amounts 26.22, 65.00, and 11.75 (according to your register). You earned $6.49 in interest on this statement. Does your register match the statement? Solution: This calculation can be done either by using memory arithmetic or by using a chain calculation. The memory arithmetic solution is described first, then the chain calculation keystrokes are shown. The results are shown in ED TAB (-1 format. First store the balance from your check register (after check 1612) into M. Press 907.93 V44 . Subtract the $40 withdrawal that occurred after check 1612 but before the statement date. Press 40 (.+/-1 N*1 Add the three outstanding checks. Press 26.22 65 LI 11.75 tm+1 Add the interest you earned. Press 6.49 El . And finally, recall the result by pressing IRMI . The result is $977.39, so your register matches the statement exactly. Good recordkeeping! Be sure to record in your register the interest that you earned. If you don't want to use memory arithmetic, but would rather do a chain calculation, the keystrokes would be 907.93 L1J 40 26.22 M 65 (13 11.75 !D 6.49 EL This actually takes less keystrokes. 21

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4.
Subtract
any
cash
withdrawals
that
appear
below
the
line
in
your
register
and
that
occurred
before
the
statement
date.
5.
Mark
any
checks
(with
a
or
*)
that
appear
above
the
line
in
your
register
that
don't
show
on
the
statement
(and
that
haven't
shown
on
previous
statements).
The
quickest
way
to
fi
nd
these
outstanding
checks
is
to
note
the
breaks
in
sequence
in
the
li
st
of
numbered
checks
on
your
statement.
Add
the
amounts
of
these
outstanding
checks.
6.
Add
any
interest
earned
on
the
account
and
subtract
any
service
charge.
Record
interest
earned
and/or
service
charge
in
your
register
(after
the
last
entry).
The
number
that
you
arrive
at
using
the
above
procedure
should
exactly
match
the
ending
balance
on
the
statement.
Take
a
look
at
the
following
example:
Example:
You
just
received
your
latest
bank
statement
dated
Jun
1,
1989.
The
ending
balance
on
the
statement
is
$977.39
and
the
last
check
number
on
the
statement
is
1612.
The
calculated
balance
up
to
check
number
1612
in
your
register
is
907.93.
And,
one
cash
withdrawal
on
May
26,
for
40.00,
appears
in
your
register
after
check
1612.
There
are
six
checks
missing
from
the
sequence
of
numbered
checks
on
the
statement,
but
three
of
those
occur
at
the
beginning
of
the
li
st,
so
you
assume
that
they
are
not
outstanding.
The
three
outstanding
checks
are
for
the
amounts
26.22,
65.00,
and
11.75
(according
to
your
register).
You
earned
$6.49
in
interest
on
this
statement.
Does
your
register
match
the
statement?
Solution:
This
calculation
can
be
done
either
by
using
memory
arithmetic
or
by
using
a
chain
calculation.
The
memory
arithmetic
solution
is
described
fi
rst,
then
the
chain
calculation
keystrokes
are
shown.
The
results
are
shown
in
ED
TAB
(
-1
format.
First
store
the
balance
from
your
check
register
(after
check
1612)
into
M.
Press
907.93
V44
.
Subtract
the
$40
withdrawal
that
occurred
after
check
1612
but
before
the
statement
date.
Press
40
(.+/-1
N*1
Add
the
three
outstanding
checks.
Press
26.22
65
LI
11.75
tm+1
Add
the
interest
you
earned.
Press
6.49
El
.
And
fi
nally,
recall
the
result
by
pressing
IRMI
.
The
result
is
$977.39,
so
your
register
matches
the
statement
exactly.
Good
recordkeeping!
Be
sure
to
record
in
your
register
the
interest
that
you
earned.
If
you
don't
want
to
use
memory
arithmetic,
but
would
rather
do
a
chain
calculation,
the
keystrokes
would
be
907.93
L1J
40
26.22
M
65
(13
11.75
!D
6.49
EL
This
actually
takes
less
keystrokes.
21