1. Chapter
Review
Cash Control Systems

2. Completed Check Stub and Check
Lesson 5-1
Completed Check Stub and Check
Always complete the check stub first before you write the check.

3. Recording a Bank Service Charge on a Check Stub
Lesson 5-2
Recording a Bank Service Charge on a Check Stub 2 1 3
1. Write Service Charge 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.

4. Recording a Dishonored Check on a Check Stub
Lesson 5-3
Recording a Dishonored Check on a Check Stub
1. Write Dishonored Check on the check stub under the heading Other.
2. Write the amount of the dishonored check plus the bank’s dishonored check fee in the amount column. 2
3. Calculate and record the new subtotal on the Subtotal line. 1 3

5. Journalizing a Dishonored Check
Lesson 5-3
Journalizing a Dishonored Check
August 29. Received notice from the bank of a dishonored check from Valley Landscaping, $185.00, plus $40.00 fee; total, $ Memorandum No. 52.
Accounts Receivable—Valley Landscaping
225.00
Cash
225.00

6. Bank Statement Reconciliation
Lesson 5-2
Bank Statement Reconciliation
Check Stub Balance 2
Date 1
Bank Statement Balance 5
Service Charge 3 6
Total Outstanding Deposits
Subtotal 7
Total Outstanding Checks 8
Adjusted Bank Balance 9
Adjusted Check Stub Balance 4
Compare Adjusted Balances 10

7. Journalizing an Electronic Funds Transfer
Lesson 5-3
Journalizing an Electronic Funds Transfer
June 5. Paid cash on account to Murniak Enterprises, $380.00, using EFT. Memorandum No. 18.
Accounts Payable—Murniak Enterprises
380.00
Cash

8. Establishing a Petty Cash Fund
Lesson 5-4
Establishing a Petty Cash Fund
Petty Cash
100.00
June 19. Paid cash to establish a petty cash fund, , C8
Cash
100.00

9. Petty Cash Report Date and Custodian Name Fund Total
Lesson 5-4
Petty Cash Report
Date and Custodian Name 1
Fund Total 2
Payments by General Ledger Account 3
Total Payments 4
Recorded Amount on Hand
( minus 34.00) 5 6
Actual Cash on Hand (Money still left in the cash box.)
Amount to
Replenish 8
Subtract the actual cash on hand from the recorded amount on hand. (Should have had one dollar more. Cash box was short one dollar.) 7

10. Replenishing Petty Cash
Lesson 5-4
Replenishing Petty Cash
January 31. Paid cash to replenish the petty cash fund, $35.00: Miscellaneous Expense, $20.00; Advertising, $14.00, Cash Short and Over, $1.00. Check No. 11.
Miscellaneous Expense
20.00
Date 1
Advertising Expense
14.00
Expense Amounts 3
Cash Short and Over
1.00
Account Titles
Cash
35.00
Cash Short (If you are short, it is like an expense—so Cash Short and Over is debited) 4 2
Total Cash Payment 5

11. I sincerely appreciate your extra work!