Transcript Lesson 5-1

LESSON 5-1
Checking Accounts
CENTURY 21 ACCOUNTING © Thomson/South-Western
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DEPOSITING CASH
CENTURY 21 ACCOUNTING © Thomson/South-Western
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LESSON 5-1
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DEPOSIT RECORDED ON A
CHECK STUB
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LESSON 5-1
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ENDORSEMENTS
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Blank Endorsement
Special Endorsement
Restrictive Endorsement
CENTURY 21 ACCOUNTING © Thomson/South-Western
LESSON 5-1
Endorsements:
Blank-An endorsement consisting of
only the endorser’s signature.
Special-An endorsement indicating a
new owner of a check.
Restrictive-An endorsement restricting
further transfer of owners.
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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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LESSON 5-1
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COMPLETED CHECK
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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
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RECORDING A VOIDED CHECK
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Record the date in the Date column.
Write the word VOID in the Account Title column
Write the check number in the Doc. No. column.
Place a check mark in the Post. Ref. column.
Place a dash in both the Debit and Credit columns.
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LESSON 5-1
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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