1. LESSON 5-1 Checking Accounts
5/14/2019
LESSON 5-1
Checking Accounts
GREEN

2. LESSON 5-1: Checking Accounts
Mr. Stasa – WE City Schools
GREEN

3. Check with Checkstub
LESSON 5-1

4. DEPOSIT RECORDED ON A CHECK STUB
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LESSON 5-1

5. A blank endorsement consists of only the payee’s signature.

6. Restrictive Endorsement
A restrictive endorsement restricts further transfer of the check by indicating whether the check will be cashed or deposited including the name of the payee.
LESSON 5-1

7. Special Endorsement
A special endorsement transfers the ownership of the check from the original payee to a second party.
LESSON 5-1

8. COMPLETED CHECK STUB 1 2 3 4 5 6 1. Write the amount of the check.
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1. Write the amount of the check. 2 3
2. Write the date of the check. 4
3. Write to whom the check is to be paid (payee).
4. Record the purpose of the check (memo).
5. Write the amount of the check.
6. Calculate the new checking account balance by subtracting the amount of the check from the subtotal. 5 6
LESSON 5-1

9. COMPLETED CHECK 7 8 9 10 11 12 7. Write the date.
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7. Write the date.
10. Write the amount in words.
8. Write to whom the check is to be paid (payee).
11. Write the purpose of the check (memo).
9. Write the amount in numbers.
12. Sign the check.
LESSON 5-1

10. 5-1 Work Together – Problem #1
LESSON 5-1

11. 5-1 Work Together – Problem #2
LESSON 5-1

12. LESSON 5-1

13. RECORDING A VOIDED CHECK
LESSON 5-1
5/14/2019
RECORDING A VOIDED CHECK
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1. Record the date in the Date column.
2. Write the word VOID in the Account Title column
3. Write the check number in the Doc. No. column.
4. Place a check mark in the Post. Ref. column.
5. Place a dash in both the Debit and Credit columns.
LESSON 5-1
GREEN