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DEPOSITING CASH

DEPOSITING CASH. Lesson 6-1, page 126. DEPOSIT RECORDED ON A CHECK STUB. Lesson 6-1, page 126. BLANK ENDORSEMENT, SPECIAL ENDORSEMENT, AND RESTRICTIVE ENDORSEMENT. Blank Endorsement. Special Endorsement. Restrictive Endorsement. Lesson 6-1, page 127. COMPLETED CHECK STUB AND CHECK. 1. 2.

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DEPOSITING CASH

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  1. DEPOSITING CASH Lesson 6-1, page 126

  2. DEPOSIT RECORDED ON A CHECK STUB Lesson 6-1, page 126

  3. BLANK ENDORSEMENT, SPECIAL ENDORSEMENT, AND RESTRICTIVE ENDORSEMENT Blank Endorsement Special Endorsement Restrictive Endorsement Lesson 6-1, page 127

  4. COMPLETED CHECK STUB AND CHECK 1 2 7 3 4 8 9 10 11 12 5 6 Preparing checks Preparing check stubs 7. Write the date. 1. Write the amount of the check. 8. Write to whom the check is to be paid. 2. Write the date of the check. 3. Write to whom the check is to be paid. 9. Write the amount in figures. 10. Write the amount in words. 4. Record purpose of the check. 11. Write the purpose of the check. 5. Write the amount of the check. 6. Calculate the new account balance. Lesson 6-1, page 128-129 12. Sign the check.

  5. RECORDING A VOIDED CHECK 4 1 2 3 5 1. Record the date. 2. Write the word VOID in the account title. 3. Write the check number. 4. Place a check mark in the Post. Ref. column. 5. Place a dash in the Cash Credit column. Lesson 6-1, page 129

  6. BANK STATEMENT Lesson 6-2, page 131

  7. 10 BANK STATEMENT RECONCILIATION 1. Date 1 2. Check Stub Balance 2 5 3. Service Charge 3 6 4. Adjusted Check Stub Balance 7 8 5. Bank Statement Balance 6. Outstanding Deposits 9 4 7. Subtotal 8. Outstanding Checks 9. Adjusted Bank Balance Lesson 6-2, page 132 10. Compare Adjusted Balances

  8. RECORDING A BANK SERVICE CHARGE ON A CHECK STUB 1. Write Service Charge. 2. Write the amount of the service charge. 3. Calculate and record the new subtotal. 2 1 3 Lesson 6-2, page 133

  9. JOURNALIZING A BANK SERVICE CHARGE 1 2 4 3 1. Write the date. 2. Debit Miscellaneous Expense. 3. Credit Cash. 4. Write the source document number. Lesson 6-2, page 134

  10. RECORDING A DISHONORED CHECK ON A CHECK STUB 1. Write Dishonored Check $50.00. 2. Write the amount of the dishonored check. 3. Calculate and record the new subtotal. 2 1 3 Lesson 6-3, page 136

  11. Accounts Rec.—Learn N Play Cash JOURNALIZING A DISHONORED CHECK November 29. Received notice from the bank of a dishonored check from Learn N Play, $35.00, plus $15.00 fee; total, $50.00. Memorandum No. 55. 1. Which accounts are affected? Accounts Receivable—Learn N Play Cash Debit Normal Balance 50.00  2. How is each account classified? Accounts Receivable—Learn N Play is an asset account. Cash is an asset account. Debit Normal Balance 3. How is each classification changed? Assets are increased. Assets are decreased. 50.00  4. How is each amount entered in the accounts? Assets increase on the debit side. Assets decrease on the credit side. Lesson 6-3, page 137

  12. 2 JOURNALIZING A DISHONORED CHECK 4 3 1 1. Write the date. 2. Debit Accounts Receivable—Learn N Play. 3. Credit Cash. 4. Write the source document number. Lesson 6-3, page 137

  13. 2 JOURNALIZING AN ELECTRONIC FUNDS TRANSFER 4 3 1 1. Write the date. 2. Debit Accounts Payable—Kelson Enterprises. 3. Credit Cash. 4. Write the source document number. Lesson 6-3, page 138

  14. 2 JOURNALIZING A DEBIT CARD TRANSACTION 4 3 1 1. Write the date. 2. Debit Supplies. 3. Credit Cash. 4. Write the source document number. Lesson 6-3, page 139

  15. Petty Cash Cash ESTABLISHING A PETTY CASH FUND August 17. Paid cash to establish a petty cash fund, $200.00. Check No. 8. 1. Which accounts are affected? Petty Cash Cash Debit Normal Balance 200.00  2. How is each account classified? Petty Cash is an asset account. Cash is an asset account. Debit Normal Balance 3. How is each classification changed? Assets are increased. Assets are decreased. 200.00  4. How is each amount entered in the accounts? Assets increase on the debit side. Assets decrease on the credit side. Lesson 6-4, page 141

  16. 2 ESTABLISHING A PETTY CASH FUND 4 3 1 1. Write the date. 2. Debit Petty Cash. 3. Credit Cash. 4. Write the source document number. Lesson 6-4, page 141

  17. MAKING PAYMENTS FROM A PETTY CASH FUND WITH A PETTY CASH SLIP Lesson 6-4, page 142

  18. 2 REPLENISHING PETTY CASH 4 3 1 1. Write the date. 2. Debit Miscellaneous Expense and Advertising Expense. 3. Credit Cash. 4. Write the source document number. Lesson 6-4, page 143

  19. TERMS REVIEW Bank statement dishonored check electronic funds transfer debit card Petty cash Petty cash slip Lesson 6-3, page 140

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