Sharp EL-733 EL-733A Operation Manual - Page 11

Examples

In

NORMAL

Mode

The

rest

of

this

chapter

contains

useful

examples

of

calculating

using

NORMAL

mode.

Work

through

those

examples

that

apply

to

your

current

needs

or

that

may

apply

to

your

future

needs.

If

you

have

an

idea

about

how

to

start

an

example

without

looking

at

the

keystroke

solution,

by

all

means

try

to

come

up

with

the

result.

Trying

an

example

before

looking

at

the

solution

tends

to

speed

up

the

learning

process,

regardless

of

whether

or

not

you

obtain

the

correct

result.

BALANCING

YOUR

CHECKBOOK

One

calculation

procedure

that

most

people

face

monthly

is

the

challenge

of

reconciling

a

bank's

statement

of

balance

on

their

checking

account

with

their

own

register

of

that

account.

Some

people

view

this

process

as

a

pain

-in

-the

-

neck

and

try

to

get

around

it

one

way

or

another.

Others

enjoy

taking

a

few

minutes

to

verify

their

wealth

(or

lack

thereof)

on

a

monthly

basis.

Whether

you

fall

into

one

of

the

above

catagories

or

somewhere

in

between,

you

know

that

balancing

the

checkbook

has

not

gotten

any

easier

in

recent

years.

The

recent

development

of

Automatic

Teller

Machines

now

allow

you

to

withdraw

cash

directly

from

your

checking

account

without

having

to

write

a

check,

The

convenience

is

great,

but

it

is

often

at

the

expense

of

accurate

recordkeeping.

Cash

withdrawals

can

go

unrecorded

(especially

when

more

than

one

person

uses

the

same

account),

making

the

monthly

statement/register

reconciliation

an

even

greater

necessity.

The

exact

procedure

for

balancing

the

checkbook

can

take

on

many

forms,

and

you

may

use

a

procedure

that

has

been

handed

down

in

your

family

from

generation

to

generation,

18

or

you

may

use

the

form

that

most

banks

include

with

the

statement.

Whichever

procedure

you

use,

you

will

fi

nd

that

your

SHARP

EL

-733A

can

be

a

big

help.

We

are

about

to

describe

a

six

point

procedure

for

reconciling

a

bank

statement

with

your

check

register.

This

probably

isn't

the

procedure

you

use,

but

it

may

be

interesting

to

see

another

approach.

In

any

case,

the

way

that

we

use

the

M

register

in

the

example

that

starts

on

page

20

will

probably

be

useful

to

you

in

your

own

account

balancing

procedure.

This

six

point

procedure

assumes

the

following:

That

your

bank

statement

provides

a

list

of

your

checks

in

order

by

check

number

(most

statements

provide

this).

•

That

a

break

in

the

sequence

of

check

numbers

in

that

ordered

list

of

checks

is

indicated

with

an

asterisk

(or

by

some

other

means).

•

That

you

keep

a

written

register

of

the

checks,

deposits,

and

withdrawals

on

your

account..

The

six

point

procedure

for

reconciling

the

bank

statement

with

your

checking

account

register

is as

follows:

1.

Note

the

statement

date

and

the

last

check

number

that

appears

on

the

statement.

2.

Draw

a

line

in

your

register

under

the

last

check

to

appear

on

the

statement,

and

compute

the

register

balance

to

that

line

(if

you

haven't

already).

Start

with

that

balance.

3.

Add

any

deposits

that

appear

below

the

line

in

your

register

and

that

occurred

before

the

statement

date

(they

appear

on

the

statement).

19

9

Sharp EL-733 EL-733A Operation Manual - Page 11

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