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5-3 Dishonored Checks 5-4 Petty Cash. Recording a dishonored check on a check stub Write Dishonored check $105 on the”Other” loine Write the total of the dishonored check in the amount column Calculate and record the new subtotal on the subtotal line. Dishonored Checks Txtbk p. 129. Date.

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dishonored checks txtbk p 129
Recording a dishonored check on a check stub

Write Dishonored check $105 on the”Other” loine

Write the total of the dishonored check in the amount column

Calculate and record the new subtotal on the subtotal line.

Dishonored ChecksTxtbk p. 129

Date

Dishonored Check 105.00 

6023.00 

dishonored checks journalizing txtbk p 130
Dishonored Checks: JournalizingTxtbk p. 130
  • Journal the dishonored check
      • Write the date
      • Write the title of the account for the dishonored check
        • “Accts Rec – Campus Internet Café”
      • Record amount in the General Account debit column
      • Credit cash
      • Record the source document – Memorandum
electronic funds transfer txtbk p 131
Recording a dishonored check on a check stub

Write EFT, Payee, Amount the”Other” line

Write the total of the EFT in the amount column

Calculate and record the new subtotal on the subtotal line.

Electronic Funds TransferTxtbk p. 131

Date

EFT Kelson Enterprises 350.00

5673.00

electronic funds transfer journalizing txtbk p 130
Electronic Funds Transfer: JournalizingTxtbk p. 130
  • Journal the electronic funds transfer
      • Write the date
      • Write the title of the account for the EFT
        • “Accts Payable – Kelson Enterprises
      • Record amount in the General Account debit column
      • Credit cash
      • Record the source document – Memorandum
debit card transaction txtbk p 132
Recording a dishonored check on a check stub

Write Debit Card, Purchase type, & Amount on the”Other” line

Write the total of the Debit Card transaction in the amount column

Calculate and record the new subtotal on the subtotal line.

Debit Card TransactionTxtbk p. 132

Date

Debit Card – Supplies - $24.00

5649.00

practice
Practice!
  • Work Together 5-3WP p. 97, Txtbk p. 133
  • Homework: OYO 5-3
petty cash
PETTY CASH
  • Read the article about Petty Cash
  • Petty Cash: An amount of cash kept on hand and used for making small payments
starting a petty cash fund journalizing txtbk p 134
Starting a Petty Cash Fund: JournalizingTxtbk p. 134

The Petty Cash slip: A form showing proof of a petty cash payment

  • Journal the start of a petty cash fund:
      • Write the date
      • Write “Petty Cash” in the account title
      • Record amount in the General Account debit column
      • Credit cash
      • Record the source document – Check number
replenishing the petty cash fund journalizing txtbk p 136
Replenishing the Petty Cash Fund: JournalizingTxtbk p. 136

Use the Petty Cash Slips

  • Journal the replenishing of the petty cash fund:
      • Record the petty cash transactions that have occurred and make a check payment for the total amount of these transactions
        • Write the date you are replenishing the account
        • Write the title of each account to be debited
        • Record the amount of each transaction in the General Account debit column

ON THE FIRST TRANSACTION ONLY:

        • Credit cash the total amount of all petty cash transactions
        • Record the source document – Check number