Question

Imagine you have opened a checking account in the bank you researched. In order to open an account, you'll first need an opening deposit. You may either use the dollar amount you receive from a job or allowance. If you do not have a job or an allowance, use $125.

Answer 1

Check Number Date Description Payment, Fee, Withdrawal Deposit, Credit BALANCE

Answer 2

I want to use $125 would 125 be the deposit credit? i'm confused

Answer 3

Check number = the number in the top left corner of the check. Would be used if you were depositing a paycheck.
Date = todays date or date of deposit.
Description = is for your own records. If it is a paycheck you would write paycheck...
Payment = if you were paying on some type of loan.
Fee = The amount the bank charges you for the transaction.
Withdrawal = the amount you are taking out of the account.
Deposit = The amount you are putting into the account.
Credit = The bank is giving you money, usually because they made a mistake or you over payed at some point. (It's never free money.)

I'm not sure exactly what you are doing, but those definitions should help.

Answer 4

Thank you!