© 2000 South-Western Educational Publishing RECORDING A DISHONORED CHECK ON A CHECK STUB 1 3 2 3.Calculate and record the new subtotal. 1. Write Dishonored.

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Presentation transcript:

© 2000 South-Western Educational Publishing RECORDING A DISHONORED CHECK ON A CHECK STUB Calculate and record the new subtotal. 1. Write Dishonored Check $ Write the amount of the dishonored check. Lesson 6-3, page 136

© 2000 South-Western Educational Publishing JOURNALIZING A DISHONORED CHECK November 29. Received notice from the bank of a dishonored check from Learn N Play, $35.00, plus $15.00 fee; total, $ Memorandum No Which accounts are affected? Accounts Receivable—Learn N Play Cash 4.How is each amount entered in the accounts? Assets increase on the debit side. Assets decrease on the credit side. 3.How is each classification changed? Assets are increased. Assets are decreased. 2.How is each account classified? Accounts Receivable—Learn N Play is an asset account. Cash is an asset account. Cash Accounts Rec.—Learn N Play Debit Normal Balance Debit Normal Balance   Lesson 6-3, page 137

© 2000 South-Western Educational Publishing 2.Debit Accounts Receivable—Learn N Play. 3.Credit Cash. 1. Write the date. 4.Write the source document number. JOURNALIZING A DISHONORED CHECK Lesson 6-3, page 137

© 2000 South-Western Educational Publishing JOURNALIZING AN ELECTRONIC FUNDS TRANSFER 2.Debit Accounts Payable—Kelson Enterprises. 3.Credit Cash. 1. Write the date. 4.Write the source document number Lesson 6-3, page 138

© 2000 South-Western Educational Publishing JOURNALIZING A DEBIT CARD TRANSACTION 2.Debit Supplies. 3.Credit Cash. 1. Write the date. 4.Write the source document number Lesson 6-3, page 139

© 2000 South-Western Educational Publishing T ERMS REVIEW dishonored check electronic funds transfer debit card Lesson 6-3, page 140