Lesson 5-1 - Hopkins High School
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Transcript Lesson 5-1 - Hopkins High School
1
Chapter 5
CENTURY 21 ACCOUNTING © Thomson/South-Western
LESSON 5-1
LESSON 5-1
Checking Accounts
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3
TERMS for 5-1
page 123
code of conduct
checking account
endorsement
blank endorsement
special endorsement
restrictive endorsement
postdated check
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LESSON 5-1
4
DEPOSITING CASH
page 119
Routing number
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LESSON 5-1
5
DEPOSIT RECORDED ON A CHECK
STUB
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page 119
LESSON 5-1
6
ENDORSEMENTS
page 120
Do: Work Together:
Blank Endorsement
p 123 text; wp 93 1a,b,c
Special Endorsement
Restrictive Endorsement
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LESSON 5-1
7
COMPLETED CHECK STUB
1
2
page 121
1. Write the amount of the check.
3
2. Write the date of the check.
4
3. Write to whom the check is to
be paid.
4. Record the purpose of the
check.
5. Write the amount of the check.
5
6. Calculate the new checking
account balance.
6
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LESSON 5-1
8
COMPLETED CHECK
page 121
7
8
9
10
11
12
7. Write the date.
8. Write to whom the check is to
be paid.
9. Write the amount in figures.
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10. Write the amount in words.
11. Write the purpose of the check.
12. Sign the check.
LESSON 5-1
9
Work together & OYO for 5-1
Work together: p 123 text, wp 93 (# 2, 3, 4)
OYO: p 123 Text, wp 94 (1a,b,c and # 2,3,4)
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LESSON 5-1
10
RECORDING A VOIDED CHECK
2
1
1.
2.
3.
4.
5.
page 122
4
3
5
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.
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LESSON 5-1
LESSON 5-2
Bank Reconciliation
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12
BANK STATEMENT: (def)
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page 124
LESSON 5-1
13
BANK STATEMENT RECONCILIATION
1. Date
2. Check Stub
Balance
3. Service Charge
4. Adjusted Check
Stub Balance
3
5. Bank Statement
Balance
6. Outstanding
Deposits
7. Subtotal
8. Outstanding
Checks
9. Adjusted Bank Balance
10. Compare Adjusted Balances
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page 125
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2
5
6
7
4
8
9
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LESSON 5-1
14
RECORDING A BANK SERVICE CHARGE
ON A CHECK STUB
1
2
page 126
1. Write Service Charge $8.00
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.
3
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LESSON 5-1
15
JOURNALIZING A BANK SERVICE
CHARGE
page 127
August 31. Received bank statement showing August bank service
charge, $8.00. Memorandum No. 3.
4
1
2
3
1. Date. Write the date.
2. Debit. Write the title of the account to
be debited. Record the amount debited.
3. Credit. Record the amount credited.
4. Source document. Write the source
document number.
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LESSON 5-1
16
Work Together/OYO 5-2
Work Together Instructions: Text p 128, wp 95
OYO Instructions: Text p 128, wp 96
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LESSON 5-1
LESSON 5-3
Dishonored Checks and
Electronic Banking
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18
TERMS REVIEW
page 133
dishonored check
electronic funds transfer
debit card
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LESSON 5-1
19
RECORDING A DISHONORED CHECK ON A
page 129
CHECK STUB
1
2
3
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1. Write Dishonored check
$105.00 on the line under
the heading “Other.”
2. Write the total of the
dishonored check in the
amount column.
3. Calculate and record the
new subtotal on the Subtotal
line.
LESSON 5-1
20
JOURNALIZING A DISHONORED CHECK
page 130
November 29. Received notice from the bank of a dishonored
check from Campus Internet Café, $70.00, plus $35.00 fee; total,
$105.00. Memorandum No. 55.
1
4
2
1. Date. Write the date.
2. Debit. Write the title of the
account to be debited.
3. Credit. Write the amount credited.
4. Source document. Write the
source document number.
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LESSON 5-1
21
JOURNALIZING AN ELECTRONIC FUNDS
TRANSFER
page 131
September 2. Paid cash on account to Kelson Enterprises,
$350.00, using EFT. Memorandum No. 10.
4
1
2
3
1. Date. Write the date.
2. Debit. Write the title of the account to be
debited. Record the amount debited.
3. Credit. Record the amount credited.
4. Source document. Write the source
document number.
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LESSON 5-1
22
JOURNALIZING A DEBIT CARD
TRANSACTION
page 132
September 5. Purchased supplies, $24.00, using debit card.
Memorandum No. 12.
4
1
2
3
1. Date. Write the date.
2. Debit. Write the title of the account to be
debited. Record the amount debited.
3. Credit. Record the amount credited.
4. Source document. Write the source
document number.
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LESSON 5-1
23
Work Together & OYO for 5-3
Work Together: Text p 133; wp 97
On Your Own: Text p 133; wp 98
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LESSON 5-1
LESSON 5-4
Petty Cash
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TERMS
page 138
petty cash
petty cash slip
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LESSON 5-1
26
ESTABLISHING A PETTY CASH FUND
page 134
August 17. Paid cash to establish a petty cash fund, $100.00.
Check No. 8.
4
1
2
3
1. Date. Write the date.
2. Debit. Write the title of the account to be debited.
Record the amount debited.
3. Credit. Record the amount credited.
4. Source document. Write the source document
number.
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LESSON 5-1
27
MAKING PAYMENTS FROM A PETTY CASH
page 135
FUND WITH A PETTY CASH SLIP
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LESSON 5-1
28
REPLENISHING PETTY CASH
page 136
August 31. Paid cash to replenish the petty cash fund, $30.00:
miscellaneous expense, $20.00; advertising, $10.00. Check No. 12.
4
1
3
2
1. Date. Write the date.
2. Debit. Write the title of the first account to be debited. Write the
amount to be debited. Write the title of the second account to be
debited. Record the amount to be debited.
3. Credit. Record the amount credited.
4. Source document. Write the source document number.
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LESSON 5-1
29
Work Together & OYO 5-4
Work Together: Text p 138; wp 99
OYO: Text p 138; wp 100
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LESSON 5-1
30
Chapter 5 Assignment
Chapter 5 Study Guide
Application Problems 5-1, 5-2, 5-3, 5-4
text p 140; wp 101-105
Chapter 5 Mastery Problem: text p 141; wp 106
Xtra Credit:
Ch 5 Challenge Problem: text p 142; wp 107-110
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LESSON 5-1