LESSON 5-1

1. LESSON 5-1 Checking Accounts

2. DEPOSITING CASH page 119 LESSON 5-1

3. DEPOSIT RECORDED ON A CHECK STUB page 119 LESSON 5-1

4. Blank Endorsement Special Endorsement Restrictive Endorsement ENDORSEMENTS page 120 LESSON 5-1

5. COMPLETED CHECK STUB page 121 1 1. Write the amount of the check. 2 3 2. Write the date of the check. 4 3. Write to whom the check is to be paid. 4. Record the purpose of the check. 5. Write the amount of the check. 6. Calculate the new checking account balance. 5 6 LESSON 5-1

6. 7. Write the date. COMPLETED CHECK page 121 7 8 9 10 11 12 10. Write the amount in words. 8. Write to whom the check is to be paid. 11. Write the purpose of the check. 12. Sign the check. 9. Write the amount in figures. LESSON 5-1

7. RECORDING A VOIDED CHECK page 122 2 4 1 3 5 1. Record the date. 2. Write the word VOID in the Account Title column 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 5-1

8. TERMS REVIEW page 123 • code of conduct • checking account • endorsement • blank endorsement • special endorsement • restrictive endorsement • postdated check LESSON 5-1

9. LESSON 5-2 Bank Reconciliation

10. BANK STATEMENT page 124 LESSON 5-1

11. 10 BANK STATEMENT RECONCILIATION page 125 1. Date 1 2. Check Stub Balance 2 5 3. Service Charge 6 4. Adjusted Check Stub Balance 3 7 5. Bank Statement Balance 6. Outstanding Deposits 8 4 9 7. Subtotal 8. Outstanding Checks 9. Adjusted Bank Balance 10. Compare Adjusted Balances LESSON 5-2

12. RECORDING A BANK SERVICE CHARGE ON A CHECK STUB page 126 1. Write Service Charge $8.00 on the check stub under the heading “Other.” 2. Write the amount of the service charge in the amount column. 3. Calculate and record the new subtotal on the Subtotal line. 1 2 3 LESSON 5-1

13. 1. Date. Write the date. 2 JOURNALIZING A BANK SERVICE CHARGE page 127 August 31. Received bank statement showing August bank service charge, $8.00. Memorandum No. 3. 4 1 3 2. Debit. Write the title of the account to be debited. Record the amount debited. 3. Credit. Record the amount credited. 4. Source document. Write the source document number. LESSON 5-1

14. TERM REVIEW page 128 • bank statement LESSON 5-1

15. LESSON 5-3 Dishonored Checks and Electronic Banking

16. 1. Write Dishonoredcheck $105.00 on the line under the heading “Other.” RECORDING A DISHONORED CHECK ON A CHECK STUB page 129 2. Write the total of the dishonored check in the amount column. 1 2 3 3. Calculate and record the new subtotal on the Subtotal line. LESSON 5-1

17. 1. Date. Write the date. 2 JOURNALIZING A DISHONORED CHECK page 130 November 29. Received notice from the bank of a dishonored check from Campus Internet Café, $70.00, plus $35.00 fee; total, $105.00. Memorandum No. 55. 1 4 3 2. Debit. Write the title of the account to be debited. 3. Credit. Write the amount credited. 4. Source document. Write the source document number. LESSON 5-1

18. 1. Date. Write the date. 2 JOURNALIZING AN ELECTRONIC FUNDS TRANSFER page 131 September 2. Paid cash on account to Kelson Enterprises, $350.00, using EFT. Memorandum No. 10. 4 1 3 2. Debit. Write the title of the account to be debited. Record the amount debited. 3. Credit. Record the amount credited. 4. Source document. Write the source document number. LESSON 5-1

19. 1. Date. Write the date. 2 JOURNALIZING A DEBIT CARD TRANSACTION page 132 September 5. Purchased supplies, $24.00, using debit card. Memorandum No. 12. 4 1 3 2. Debit. Write the title of the account to be debited. Record the amount debited. 3. Credit. Record the amount credited. 4. Source document. Write the source document number. LESSON 5-1

20. TERMS REVIEW page 133 • dishonored check • electronic funds transfer • debit card LESSON 5-1

21. LESSON 5-4 Petty Cash

22. 1. Date. Write the date. 2 ESTABLISHING A PETTY CASH FUND page 134 August 19. Paid cash to establish a petty cash fund, $100.00. Check No. 8. 4 1 3 2. Debit. Write the title of the account to be debited. Record the amount debited. 3. Credit. Record the amount credited. 4. Source document. Write the source document number. LESSON 5-1

23. MAKING PAYMENTS FROM A PETTY CASH FUND WITH A PETTY CASH SLIP page 135 LESSON 5-1

24. 1. Date. Write the date. 2 REPLENISHING PETTY CASH page 136 August 31. Paid cash to replenish the petty cash fund, $30.00: miscellaneous expense, $20.00; advertising, $10.00. Check No. 12. 4 1 3 2. Debit. Write the title of the first account to be debited. Write the amount to be debited. Write the title of the second account to be debited. Record the amount to be debited. 3. Credit. Record the amount credited. 4. Source document. Write the source document number. LESSON 5-1

25. TERMS REVIEW page 138 • petty cash • petty cash slip LESSON 5-1