Chapter © 2010 South-Western, Cengage Learning Checking Accounts and Banking Services 9.1 9.1Checking Accounts Checkbook Practice 9.

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Presentation transcript:

Chapter © 2010 South-Western, Cengage Learning Checking Accounts and Banking Services Checking Accounts Checkbook Practice 9

© 2010 South-Western, Cengage Learning SLIDE 2 Chapter 9 Standard 2.0 Evaluate practices for successful money management. 2.4Understand banking procedures and services. a.Checking and savings accounts (maintaining and reconciling) Goals Complete a signature card Learn to write checks Complete deposit forms Maintain check registry

© 2010 South-Western, Cengage Learning SLIDE 3 Chapter 9 Opening a Checking Account Signature authorization form Initial deposit

© 2010 South-Western, Cengage Learning Signature card SLIDE 4 Chapter 9

© 2010 South-Western, Cengage Learning Deposit Slip Coins $.75 Bills $12.00 Check $450 Check $100 Withdrawal $50 SLIDE 5 Chapter 9

© 2010 South-Western, Cengage Learning SLIDE 6 Chapter 9 Check Register NumberDateDescription of TransactionCDebit (-)Credit (+)Balance 4/8/14 Initial Deposit

© 2010 South-Western, Cengage Learning SLIDE 7 Chapter 9 Parts of a Check Check Number ABA Number Name and Address of Maker Date PayeeNumeric Amount Written Amount Signature Account and Routing Numbers Memo

© 2010 South-Western, Cengage Learning Write a check to the 1 st person to your right for $50.00 for car detailing, use 4/9/14 as the date, number the check 101 SLIDE 8 Chapter 9

© 2010 South-Western, Cengage Learning SLIDE 9 Chapter 9 Check Register NumberDateDescription of TransactionCDebit (-)Credit (+)Balance 4/1/14 Initial Deposit /9/14 Student’s Name Auto detailing

© 2010 South-Western, Cengage Learning Write a check to the 2 nd person to your right for $ for tutor fees, use 4/10/14 as the date, number the check 102 SLIDE 10 Chapter 9

© 2010 South-Western, Cengage Learning SLIDE 11 Chapter 9 Check Register NumberDateDescription of TransactionCDebit (-)Credit (+)Balance 4/8/14 Initial Deposit /9/14 Student’s Name Auto detailing /10/14 Student’s Name Tutor fees

© 2010 South-Western, Cengage Learning Write a check to the 3rd person to your right for $25.00 for used IPod, use 4/11/14 as the date, number the check 103 SLIDE 12 Chapter 9

© 2010 South-Western, Cengage Learning SLIDE 13 Chapter 9 Check Register NumberDateDescription of TransactionCDebit (-)Credit (+)Balance 4/8/14 Initial Deposit /9/14 Student’s Name Auto detailing /10/14 Student’s Name Tutor fees /11/14 Student’s name IPod

© 2010 South-Western, Cengage Learning SLIDE 14 Chapter 9 Check Register NumberDateDescription of TransactionCDebit (-)Credit (+)Balance 4/8/14 Initial Deposit /9/14 Student’s Name Auto detailing /10/14 Student’s Name Tutor fees /11/14 Student’s name IPod /12/14 ATM /25/14 Bank fee Record a debit card cash withdrawal from an ATM for $40.00 Dated 4/12/14 2.Record a bank fee of $9.99 4/25/14

© 2010 South-Western, Cengage Learning SLIDE 15 Chapter 9 1.Use a Blank Endorsement on check Use a Special Endorsement on check 102 assigned to the student to your left 3.Use a Restricted Endorsement check Complete a deposit slip date 4/26/14

© 2010 South-Western, Cengage Learning SLIDE 16 Chapter 9 Check Register NumberDateDescription of TransactionCDebit (-)Credit (+)Balance 11/3/13 Initial Deposit /4/13 Student’s Name Auto detailing /5/13 Student’s Name Tutor fees /6/13 Student’s name IPod /6/13 ATM /25/13 Bank fee /25/13Deposit