CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 5-3 Dishonored Checks and Electronic Banking  Recording a dishonored check on a check.

Slides:

Advertisements

Similar presentations

Learning Objectives © 2014 Cengage Learning. All Rights Reserved. LO6Complete recordkeeping for a dishonored check. LO7Journalize an electronic funds transfer.

Advertisements

Chapter 5, Section 3 Dishonored Checks and Electronic Banking

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 5-1 Checking Accounts.

Accounting I Unit I Chapters 1-5.

LESSON 5-1 Checking Accounts

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 5-1 Checking Accounts.

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 5-2 Bank Reconciliation  Bank statement  Bank statement reconciliation  Recording.

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 5-1 Checking Accounts.

LESSON 5-1 Checking Accounts

Cash Control Systems Checking accounts Pages Checking account– a bank account from which payments can be ordered by a depositor Endorsement–

CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 5-2 Bank Reconciliation.

CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 5-2 Bank Reconciliation.

LESSON 5-1 Checking Accounts

CENTURY 21 ACCOUNTING © Thomson/South-Western Accounting I – Block 4 South Portland High School Instructor: Mr. Hunter.

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning Cash Control Systems Bank Reconciliation These slides are on the class website.

© 2014 Cengage Learning. All Rights Reserved.

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 5-3 Dishonored Checks and Electronic Banking.

CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 5-3 Dishonored Checks and Electronic Banking.

Dishonored Checks Txtbk p. 129 No. 345$ Date: 20 To: For: BAL. BRO'T. FOR'D……………………………… AMT. DEPOSITED…… SUBTOTAL OTHER: SUBTOTAL………………………….

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 5-4 Petty Cash.

Learning Objectives © 2014 Cengage Learning. All Rights Reserved. LO6Complete recordkeeping for a dishonored check. LO7Journalize an electronic funds transfer.

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 5-1 How are checking accounts utilized in a sole proprietorship?

CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 5-2 Bank Reconciliation.

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 5-2 Bank Reconciliation.

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning 1 LESSON 5-1 TERMS code of conduct - A statement that guides the ethical behavior of a company.

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 5-3 Dishonored Checks and Electronic Banking.

CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 5-2 Bank Reconciliation.

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 5-1 Checking Accounts  How businesses use cash  Cash deposited and recorded on a.

LESSON 5-3 Dishonored Checks and Electronic Banking.

© 2000 South-Western Educational Publishing RECORDING A DISHONORED CHECK ON A CHECK STUB Calculate and record the new subtotal. 1. Write Dishonored.

CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 5-3 Dishonored Checks and Electronic Banking Original created by M.C. McLaughlin, Thomson/South-Western.

CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 5-3 Dishonored Checks and Electronic Banking.

CENTURY 21 ACCOUNTING © Thomson/South-Western 1 LESSON 5-1 Chapter 5.

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 5-3 Dishonored Checks and Electronic Banking.

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 5-2 Bank Reconciliation.

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning Chapter 5--Cash Control Systems Objectives: Define accounting terms related to using a checking.

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 3-1 Journals, Source Documents, and Recording Entries in a Journal.

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 5-4 Petty Cash.

Chapter 6 – Cash Control Systems

LESSON 5-2 Bank Reconciliation

LESSON 5-1 5/29/2018 LESSON 5-1 Cash Control Blue.

© 2014 Cengage Learning. All Rights Reserved.

© 2014 Cengage Learning. All Rights Reserved.

RECORDING A DISHONORED CHECK ON A CHECK STUB

RECORDING A DISHONORED CHECK ON A CHECK STUB

© 2014 Cengage Learning. All Rights Reserved.

LESSON 5-1 Checking Accounts

Chapter 6 review slides.

© 2014 Cengage Learning. All Rights Reserved.

© 2014 Cengage Learning. All Rights Reserved.

© 2014 Cengage Learning. All Rights Reserved.

LESSON 5-3 Dishonored Checks and Electronic Banking

Chapter 5 Cash Control Systems.

LESSON 5-2 Bank Reconciliation

LESSON 5-2 Bank Reconciliation

LESSON 5-1 Checking Accounts

LESSON 5-2 Bank Reconciliation

LESSON 5-3 Dishonored Checks and Electronic Banking

LESSON 5-3 Dishonored Checks and Electronic Banking

LESSON 5-3 Dishonored Checks and Electronic Banking

LESSON 5-3 Dishonored Checks and Electronic Banking

© 2014 Cengage Learning. All Rights Reserved.

LESSON 5-2 Bank Reconciliation

LESSON 5-2 Bank Reconciliation

LESSON 5-3 Journalizing Dishonored Checks and Electronic Banking

LESSON 5-2 Bank Reconciliation

LESSON 5-3 Dishonored Checks and Electronic Banking

LESSON 5-3 Dishonored Checks and Electronic Banking

© 2014 Cengage Learning. All Rights Reserved.

Presentation transcript:

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 5-3 Dishonored Checks and Electronic Banking  Recording a dishonored check on a check stub  Journalizing a dishonored check  Journalizing an electronic funds transfer  Journalizing a debit card transaction

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning Competency: Understanding Cash Control Systems 2 LESSON 5-3 Objectives: 75 Reconcile a bank statement 76 Journalize banking transactions 77 Maintain petty cash records 78 Maintain a checking account 79 Identify security considerations related to cash control systems

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning 3 LESSON 5-3 RECORDING A DISHONORED CHECK ON A CHECK STUB 1.Write Dishonored check $ on the line under the heading “Other.” page Write the total of the dishonored check in the amount column. 3.Calculate and record the new subtotal on the Subtotal line.

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning 4 LESSON 5-3 JOURNALIZING A DISHONORED CHECK 1.Date. Write the date. page November 29. Received notice from the bank of a dishonored check from Campus Internet Café, $70.00, plus $35.00 fee; total, $ Memorandum No Debit. Write the title of the account to be debited. 3.Credit. Write the amount credited. 4.Source document. Write the source document number. 2

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning 5 LESSON 5-3 JOURNALIZING AN ELECTRONIC FUNDS TRANSFER 1.Date. Write the date. page 131 September 2. Paid cash on account to Kelson Enterprises, $350.00, using EFT. Memorandum No 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.

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning 6 LESSON 5-3 JOURNALIZING A DEBIT CARD TRANSACTION 1.Date. Write the date. page 132 September 5. Purchased supplies, $24.00, using debit card. Memorandum No 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.

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning 7 LESSON 5-3 TERMS REVIEW dishonored check electronic funds transfer debit card page 133