CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 5-3 Dishonored Checks and Electronic Banking.

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Presentation transcript:

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 5-3 Dishonored Checks and Electronic Banking

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning 2 LESSON 5-3 RECORDING A DISHONORED CHECK ON A CHECK STUB 1.Write Dishonored check $ on the line under the heading “Other.” page Write the total of the dishonored check in the amount column. 3.Calculate and record the new subtotal on the Subtotal line.

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning 3 LESSON 5-3 JOURNALIZING A DISHONORED CHECK 1.Date. Write the date. page November 29. Received notice from the bank of a dishonored check from Campus Internet Café, $70.00, plus $35.00 fee; total, $ Memorandum No Debit. Write the title of the account to be debited. 3.Credit. Write the amount credited. 4.Source document. Write the source document number. 2

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning 4 LESSON 5-3 JOURNALIZING AN ELECTRONIC FUNDS TRANSFER 1.Date. Write the date. page 131 September 2. Paid cash on account to Kelson Enterprises, $350.00, using EFT. Memorandum No 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.

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning 5 LESSON 5-3 JOURNALIZING A DEBIT CARD TRANSACTION 1.Date. Write the date. page 132 September 5. Purchased supplies, $24.00, using debit card. Memorandum No 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.

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning 6 LESSON 5-3 TERMS REVIEW dishonored check electronic funds transfer debit card page 133