Presentation is loading. Please wait.

Presentation is loading. Please wait.

Lesson Four- Objective: Complete month two of the checking account simulation.

Published byDina Beasley Modified over 8 years ago

Similar presentations

Presentation on theme: "Lesson Four- Objective: Complete month two of the checking account simulation."— Presentation transcript:

1 Lesson Four- Objective: Complete month two of the checking account simulation

2 Check Register February DateNo.Checkbook EntryDebit (-)Credit (+)345.24 2/3109Internet Connections108237.24 2/5POSDebit Card at Grocery Store96.40140.84 2/8110National Electric Co32.81108.03 2/10111IRS67.1440.89 2/11DDeposit759.52800.41 2/12112Dental Associates60740.41 2/18ATMWithdrawal50690.41 2/25113Colonial Apartments450240.41 2/28ATPhone Bill payment transfer38.65201.76

3 Reconciliation Process 201.76 Checkbook Register No changes 201.76 Adjusted 791.48 Bank Statement -589.72 (OC) No deposits Outstanding 201.76 Adjusted

4 Quiz on Reconciliation Process Tomorrow Use of Tee Accounts Bank and Checkbook balances, you find the adjusted balances. Closure: Debit on the __________, Credit on the _______.

Download ppt "Lesson Four- Objective: Complete month two of the checking account simulation."

Similar presentations

Objective: analyze the checking account transactions made in our banking simulation January 1- 31st.

Objective: analyze the checking account transactions made in our banking simulation January 1- 31st.
BANKING PART 7 CHECKBOOK BALANCING Mr. Stasa –

BANKING PART 7 CHECKBOOK BALANCING Mr. Stasa –
Do Now At the end of the month you get sent a bank statement. You notice the balance is not the same as your checkbook register. What are the possible.

Do Now At the end of the month you get sent a bank statement. You notice the balance is not the same as your checkbook register. What are the possible.
CHAPTER TWENTY FOUR BANKING PROCEDURES McGraw-Hill/Irwin Accounting Fundamentals, 7/e © 2006 The McGraw-Hill Companies, Inc., All Rights Reserved.

CHAPTER TWENTY FOUR BANKING PROCEDURES McGraw-Hill/Irwin Accounting Fundamentals, 7/e © 2006 The McGraw-Hill Companies, Inc., All Rights Reserved.
Bank Reconciliation. What is bank reconciliation? A process that allows individuals to compare their personal bank account records to the bank's records.

Bank Reconciliation. What is bank reconciliation? A process that allows individuals to compare their personal bank account records to the bank's records.
© South-Western Educational Publishing Chapter 9 Checking Accounts and Other Banking Services  Checking Accounts  Other Banking Services and Fees.

© South-Western Educational Publishing Chapter 9 Checking Accounts and Other Banking Services  Checking Accounts  Other Banking Services and Fees.
Bank Reconciliation Objective 4.02D Students will understand and complete the bank reconciliation process.

Bank Reconciliation Objective 4.02D Students will understand and complete the bank reconciliation process.
Unit 3: Financial Institutions & Banking Systems

Unit 3: Financial Institutions & Banking Systems
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 5-1 Checking Accounts.

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 5-1 Checking Accounts.
Chapter 7 Banking Services. How Banks Work 7.1 The Role of Banks Types of Money.

Chapter 7 Banking Services. How Banks Work 7.1 The Role of Banks Types of Money.
Checks, Deposits, Registers, and Reconciliations.

Checks, Deposits, Registers, and Reconciliations.
How do you write a check? Mr. SmithDate ____________ Any street Any City, State Amount____________ Amount____________ Pay to the order of ____________________________________.

How do you write a check? Mr. SmithDate ____________ Any street Any City, State Amount____________ Amount____________ Pay to the order of ____________________________________.
Checking Accounts Step 5 – Reconciling with Your Bank.

Checking Accounts Step 5 – Reconciling with Your Bank.
LESSON 5-2 Bank Reconciliation

LESSON 5-2 Bank Reconciliation
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 5-2 Bank Reconciliation  Bank statement  Bank statement reconciliation  Recording.

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 5-2 Bank Reconciliation  Bank statement  Bank statement reconciliation  Recording.
© 2014 Cengage Learning. All Rights Reserved.

© 2014 Cengage Learning. All Rights Reserved.
Bank Account Reconciliation. Reconciling The process of matching your checkbook register with the bank statement is known as reconciliation. The back.

Bank Account Reconciliation. Reconciling The process of matching your checkbook register with the bank statement is known as reconciliation. The back.
Chapter 5 The Banking System. Slide 2 What Is the Purpose of a Checking Account? 5-1 Checking Accounts A checking account is a demand deposit account.

Chapter 5 The Banking System. Slide 2 What Is the Purpose of a Checking Account? 5-1 Checking Accounts A checking account is a demand deposit account.
Balancing a Check Register:. Check Register: A personal record of the transactions against a checking account.

Balancing a Check Register:. Check Register: A personal record of the transactions against a checking account.
CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 5-2 Bank Reconciliation.

CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 5-2 Bank Reconciliation.

Similar presentations

Ads by Google