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More about checking …. Completing the checking packet. Deposit slip – page 3. 50 00. 667 20. Jan. 3, 2007. 717 20. Total Deposit. Less Cash Received. Total Deposit. 717 20. Checkbook register. $0 00. 1-03. Deposit. 717 20. 717 20. Paycheck & $50. 717 20. Checks.
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More about checking … Completing the checking packet
Deposit slip – page 3 50 00 667 20 Jan. 3, 2007 717 20 Total Deposit Less Cash Received Total Deposit 717 20
Checkbook register $0 00 1-03 Deposit 717 20 717 20 Paycheck & $50 717 20
Checks Check Example
1 2 January 8, 2007 National Electric Company 1. Date—Write the date. 2. Pay to the Order of—Write the name of the person or company to whom you will give the check. After writing the name, you can draw a line to the end. This prevents anyone from adding an additional name on your check.
3 January 8, 2007 National Electric Company 35.24 Thirty Five and 24/100 ---------- 4 3. $--Write the amount of the check in numbers, such as $35.24. 4. Dollars—Write the amount of the check in words, such as thirty five and 24/100. After writing out the amount of the check, draw a line to the end. This prevents anyone from adding an additional amount after what you have written.
January 8, 2007 National Electric Company 35.24 Thirty Five and 24/100 ---------- You signature here Jan. 3rd electric bill 6 5 5. Memo: You can use this area to remind yourself why you wrote the check or to record the account number of the bill you are paying. 6. Signature line: Sign your name.
Checkbook register $0 00 1-03 Deposit 717 00 717 20 Paycheck & $50 717 20 101 1-08 National Electric Co. 35 24 -35 24 1/03 Electric Bill 681 96
Account Statement 160.80 ENDING BALANCE ON STATEMENT 692.37 ADD DEPOSITS NOT SHOWN 853 17 SUB-TOTAL 507 93 SUBTRACT PAYMENTSOUTSTANDING 345 24 BALANCE Account Summary Beginning Balance $0.00 Account No. 20793 Ending Balance $160.80 Checking Summary 1/03 Deposit $717.20 + 1/08 Check 101 $35.24 - 1/15 Check 103 $40.00 - 1/15 Check 104 $41.80 - 1/19 Check 105 $120.24 - 1/19 Check 107 $314.12 - Other Account Activity ___ Service Charge $5.00 • Account Reconcilement 1. Check off entries in register that match entries on statement 2. List the checks and other payments that are still outstanding 3. Subtract bank charges from you checkbook 4. Complete the reconciliation form shown below PAYMENTS OUTSTANDING 24 00 102 No. $ 33 93 106 108 450 00 TOTAL 507 93
Account Summary Beginning Balance $0.00 Account No. 20793 Ending Balance $160.80 Checking Summary 1/03 Deposit $717.20 + 1/08 Check 101 $35.24 - 1/15 Check 103 $40.00 - 1/15 Check 104 $41.80 - 1/19 Check 105 $120.24 - 1/19 Check 107 $314.12 – Other Account Activity Service Charge $5.00 • Compare your Bank Statement to your checking register and place a check mark next to each check and deposit shown on the statement
PAYMENTS OUTSTANDING $ • Account Reconcilement 1. Check off entries in register that match entries on statement 2. List the checks and other payments that are still outstanding 3. Subtract bank charges from you checkbook. (Complete in checking register) 4. Complete the reconciliation form shown below No. 24 00 102 33 93 106 160.80 108 ENDING BALANCE ON STATEMENT + 450 00 692.37 ADD DEPOSITS NOT SHOWN 2. Any check that is in your register and NOT in your bank statement write in Payments outstanding. (These are checks the bank does not know you wrote, yet.) 853 17 SUB-TOTAL 507 93 TOTAL 507 93 SUBTRACT PAYMENTS OUTSTANDING 345 24 BALANCE If there is a deposit on your checking register and not on your statement, enter it here. Add the ending balance to the deposits not shown and enter it here Get this balance from the top of your bank statement.
