Transcript Lesson 5

LESSON 5-1
Checking Accounts
CENTURY 21 ACCOUNTING © Thomson/South-Western
2
DEPOSITING CASH
CENTURY 21 ACCOUNTING © Thomson/South-Western
page 119
LESSON 5-1
3
DEPOSIT RECORDED ON A CHECK
STUB
CENTURY 21 ACCOUNTING © Thomson/South-Western
page 119
LESSON 5-1
4
ENDORSEMENTS
page 120
Blank Endorsement
Special Endorsement
Restrictive Endorsement
CENTURY 21 ACCOUNTING © Thomson/South-Western
LESSON 5-1
5
COMPLETED CHECK STUB
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1. Write the amount of the check.
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2. Write the date of the check.
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3. Write to whom the check is to
be paid.
4. Record the purpose of the
check.
5. Write the amount of the check.
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6. Calculate the new checking
account balance.
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CENTURY 21 ACCOUNTING © Thomson/South-Western
LESSON 5-1
6
COMPLETED CHECK
page 121
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7. Write the date.
8. Write to whom the check is to
be paid.
9. Write the amount in figures.
CENTURY 21 ACCOUNTING © Thomson/South-Western
10. Write the amount in words.
11. Write the purpose of the check.
12. Sign the check.
LESSON 5-1
7
RECORDING A VOIDED CHECK
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Record the date.
Write the word VOID in the Account Title column
Write the check number.
Place a check mark in the Post. Ref. column.
Place a dash in the Cash Credit column.
CENTURY 21 ACCOUNTING © Thomson/South-Western
LESSON 5-1
8
TERMS REVIEW
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page 123
code of conduct
checking account
endorsement
blank endorsement
special endorsement
restrictive endorsement
postdated check
CENTURY 21 ACCOUNTING © Thomson/South-Western
LESSON 5-1