Dishonored Checks Txtbk p. 129 No. 345$ Date: 20 To: For: BAL. BRO'T. FOR'D………………………………. 6128.00 AMT. DEPOSITED…… SUBTOTAL 6128.00 OTHER: 105.00 SUBTOTAL………………………….

Slides:

Advertisements

Similar presentations

LESSON 5-3 Dishonored Checks and Electronic Banking.

Advertisements

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

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

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.

Code of conduct Checking account Endorsement Blank endorsement Special endorsement Restrictive endorsement Postdated check Bank statement Dishonored check.

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–

LESSON 5-1 Checking Accounts

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

© 2014 Cengage Learning. All Rights Reserved.

How Businesses Use Cash Chapter 6 Cash Control Systems.

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.

CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 5-4 Petty Cash.

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

Journalizing Petty Cash and using the Cash Payments Journal.

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 © 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.

Cash Control Systems Chapter Five. Terms Code of conduct Checking account Endorsement Blank endorsement Special endorsement Restrictive endorsement Postdated.

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.

What: Cash Control Systems Lesson 5-1 Checking Accounts

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 Chapter 5--Cash Control Systems Objectives: Define accounting terms related to using a checking.

Chapter 6 – Cash Control Systems

LESSON 5-2 Bank Reconciliation

LESSON 5-4 5/29/2018 LESSON 5-4 Petty Cash GREEN.

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.

Chapter Review Cash Control Systems.

© 2014 Cengage Learning. All Rights Reserved.

© 2014 Cengage Learning. All Rights Reserved.

LESSON 5-4 1/2/2019 LESSON 5-4 Petty Cash Blue.

LESSON 5-4 1/2/2019 LESSON 5-4 Petty Cash GREEN.

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 5-4 4/14/2019 LESSON 5-4 Petty Cash GREEN.

LESSON 5-4 4/10/2019 LESSON 5-4 Petty Cash Blue.

Chapter 6 Cash Control System.

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 5-3 Journalizing Dishonored Checks and Electronic Banking

LESSON 5-3 Dishonored Checks and Electronic Banking

LESSON 5-3 Dishonored Checks and Electronic Banking

Presentation transcript:

Dishonored Checks Txtbk p. 129 No. 345$ Date: 20 To: For: BAL. BRO'T. FOR'D……………………………… AMT. DEPOSITED…… SUBTOTAL OTHER: SUBTOTAL…………………………. AMT. THIS CHECK…………………. BAL. CAR'D. FOR'D……………….. Recording a dishonored check on a check stub Write Dishonored check $105 on the”Other” loine Write the total of the dishonored check in the amount column Calculate and record the new subtotal on the subtotal line. Date Dishonored Check

Dishonored Checks: Journalizing Txtbk p. 130 Journal the dishonored check Write the date Write the title of the account for the dishonored check “Accts Rec – Campus Internet Café” Record amount in the General Account debit column Credit cash Record the source document – Memorandum

Electronic Funds Transfer Txtbk p. 131 No. 345$ Date: 20 To: For: BAL. BRO'T. FOR'D……………………………… AMT. DEPOSITED…… SUBTOTAL OTHER: SUBTOTAL…………………………. AMT. THIS CHECK…………………. BAL. CAR'D. FOR'D……………….. Recording a dishonored check on a check stub Write EFT, Payee, Amount the”Other” line Write the total of the EFT in the amount column Calculate and record the new subtotal on the subtotal line. Date EFT Kelson Enterprises

Electronic Funds Transfer: Journalizing Txtbk p. 130 Journal the electronic funds transfer Write the date Write the title of the account for the EFT “Accts Payable – Kelson Enterprises Record amount in the General Account debit column Credit cash Record the source document – Memorandum

Debit Card Transaction Txtbk p. 132 No. 345$ Date: 20 To: For: BAL. BRO'T. FOR'D……………………………… AMT. DEPOSITED…… SUBTOTAL OTHER: SUBTOTAL…………………………. AMT. THIS CHECK…………………. BAL. CAR'D. FOR'D……………….. Recording a dishonored check on a check stub Write Debit Card, Purchase type, & Amount on the”Other” line Write the total of the Debit Card transaction in the amount column Calculate and record the new subtotal on the subtotal line. Date Debit Card – Supplies - $

Practice! Work Together 5-3 WP p. 97, Txtbk p. 133 Homework: OYO 5-3

PETTY CASH Read the article about Petty Cash Petty Cash: An amount of cash kept on hand and used for making small payments

Starting a Petty Cash Fund: Journalizing Txtbk p. 134 Journal the start of a petty cash fund: Write the date Write “Petty Cash” in the account title Record amount in the General Account debit column Credit cash Record the source document – Check number The Petty Cash slip: A form showing proof of a petty cash payment

Replenishing the Petty Cash Fund: Journalizing Txtbk p. 136 Journal the replenishing of the petty cash fund: Record the petty cash transactions that have occurred and make a check payment for the total amount of these transactions Write the date you are replenishing the account Write the title of each account to be debited Record the amount of each transaction in the General Account debit column ON THE FIRST TRANSACTION ONLY: Credit cash the total amount of all petty cash transactions Record the source document – Check number Use the Petty Cash Slips