Lesson Four- Objective: Complete month two of the checking account simulation.

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Objective: analyze the checking account transactions made in our banking simulation January 1- 31st.

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Presentation transcript:

Lesson Four- Objective: Complete month two of the checking account simulation

Check Register February DateNo.Checkbook EntryDebit (-)Credit (+) /3109Internet Connections /5POSDebit Card at Grocery Store /8110National Electric Co /10111IRS /11DDeposit /12112Dental Associates /18ATMWithdrawal /25113Colonial Apartments /28ATPhone Bill payment transfer

Reconciliation Process Checkbook Register No changes Adjusted Bank Statement (OC) No deposits Outstanding Adjusted

Quiz on Reconciliation Process Tomorrow Use of Tee Accounts Bank and Checkbook balances, you find the adjusted balances. Closure: Debit on the __________, Credit on the _______.