©2013 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publically accessible website, in whole or in part.

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©2013 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publically accessible website, in whole or in part. Cash Received from Sales

©2013 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publically accessible website, in whole or in part. Cash Received in the Mail Remittance Advice Person Opening Mail Check Deposit

©2013 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publically accessible website, in whole or in part. Cash Received by EFT Company Bank Customer Bank

©2013 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publically accessible website, in whole or in part. Control Over Cash Payments ___________ ______ issued to ________ ______ issued to ________ ________ voucher entered to ______ _____________ ________ _________ and _______________ _____________ ________ _________ and _______________

©2013 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publically accessible website, in whole or in part. Learning Objective 4 Describe the nature of a bank account and its use in controlling cash.

©2013 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publically accessible website, in whole or in part. Nature of a Bank account and its use for controlling cash

©2013 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publically accessible website, in whole or in part. Learning Objective 5 Describe and illustrate the use of a bank reconciliation in controlling cash

©2013 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publically accessible website, in whole or in part. Bank Reconciliation

©2013 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publically accessible website, in whole or in part. Steps in the Reconciliation Process Exhibit 6: Bank Reconciliation for Colter Inc. 1._______________ 2._______________ 3._______________ 4._______________ 5._______________ 6._______________ 7._______________ 8._______________ 9._______________

©2013 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publically accessible website, in whole or in part. Learning Objective 6 Describe the accounting for special- purpose cash funds

©2013 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publically accessible website, in whole or in part. Special Purpose Cash Funds – Petty Cash Petty cash fund of $500 is established on August 1. Replenished the petty cash fund on August 31. There is no adjustment to Petty Cash when the fund is replenished.

©2013 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publically accessible website, in whole or in part. Learning Objective 7 Describe and illustrate the reporting of cash and cash equivalents in the financial statements

©2013 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publically accessible website, in whole or in part. Financial Statement Reporting of Cash

©2013 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publically accessible website, in whole or in part. End of Chapter 5