Copyright © Cengage Learning. All rights reserved. Chapter 13 The Statement of Cash Flows.
CENTURY 21 ACCOUNTING 2009 South-Western, Cengage Learning LESSON 5-1 Checking Accounts How...
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CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 5-1 LESSON 5-1 Checking Accounts How businesses use cash Cash deposited and recorded on a check stub Blank, special, and restrictive endorsements Completed check stub and check Recording a voided check
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CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning 3 LESSON 5-1 DEPOSITING CASH page 119
Transcript of CENTURY 21 ACCOUNTING 2009 South-Western, Cengage Learning LESSON 5-1 Checking Accounts How...
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
LESSON 5-1LESSON 5-1
Checking Accounts
How businesses use cashCash deposited and recorded on a check stubBlank, special, and restrictive endorsementsCompleted check stub and checkRecording a voided check
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
Competency: Understanding Competency: Understanding Cash Control SystemsCash Control Systems
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LESSON 5-1
Objectives:75 Reconcile a bank statement76 Journalize banking transactions77 Maintain petty cash records78 Maintain a checking account79 Identify security considerations
related to cash control systems
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
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LESSON 5-1
DEPOSITING CASHDEPOSITING CASH page 119
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
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LESSON 5-1
DEPOSIT RECORDED ON DEPOSIT RECORDED ON A CHECK STUBA CHECK STUB page 119
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
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LESSON 5-1
ENDORSEMENTSENDORSEMENTS page 120
Blank Endorsement
Special Endorsement
Restrictive Endorsement
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
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LESSON 5-1
5. Write the amount of the check.
2. Write the date of the check.
3. Write to whom the check is to be paid.
4. Record the purpose of the check.
1. Write the amount of the check.
6. Calculate the new checking account balance.
COMPLETED CHECK STUBCOMPLETED CHECK STUB page 121
1122 33
44
5566
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
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LESSON 5-1
COMPLETED CHECKCOMPLETED CHECK
7. Write the date.
page 121
1111 1212
1010
9988
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10. Write the amount in words.8. Write to whom the check is to
be paid.9. Write the amount in figures.
11. Write the purpose of the check.12. Sign the check.
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
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LESSON 5-1
1. Record the date.2. Write the word VOID in the Account Title column3. Write the check number.4. Place a check mark in the Post. Ref. column.5. Place a dash in the Cash Credit column.
RECORDING A VOIDED CHECKRECORDING A VOIDED CHECK page 122
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CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
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LESSON 5-1
TERMS REVIEWTERMS REVIEW
code of conduct checking account endorsement blank endorsement special endorsement restrictive endorsement postdated check
page 123
