DEFINITIONA report of deposits, withdrawals,

and bank balances sent to a depositor by a bank.

BANK STATEMENT

DEFINITIONAn endorsement consisting

only of the endorser’s signature.

BLANK

DEFINITIONA bank account from which

payments can be ordered by a depositor.

CHECKING ACCOUNT

DEFINITIONA statement that guides the

ethical behavior of a company and its employees.

CODE OF CONDUCT

DEFINITIONA bank card that, when making

purchases, automatically deducts the amount of the purchase from

the checking account of the cardholder.

DEBIT CARD

DEFINITIONA check that a bank refuses to

pay.

DISHONORED CHECK

DEFINITIONA computerized cash payments

system that transfers funds without the use of checks, currency, or other paper

documents.ELECTRONIC FUNDS

TRANSFER

DEFINITIONA signature or stamp on the back of a check transferring

ownership.

ENDORSEMENT

DEFINITIONAn amount of cash kept on hand and used for making

small payments.

PETTY CASH

DEFINITIONA form showing proof of a

petty cash payment.

PETTY CASH SLIP

DEFINITIONA check with a future date

on it.

POST DATED CHECK

DEFINITIONAn endorsement restricting further transfer of a check’s

ownership.

RESTRICTIVE ENDORSEMENT

DEFINITIONAn endorsement indicating a

new owner of a check.

SPECIAL ENDORSEMENT

Ownership of a check can or can not be transferred.

CAN

Voided checks should be recorded in the _______.

JOURNAL

Using a memorandum as the source document for a dishonored check is an

application of the accounting concept _______ _______.

OBJECTIVE EVIDENCE

The petty cash fund is a/an _______ (account classification) with a normal ______ balance.

ASSET

DEBIT

When petty cash is replenished, _____ is debited

and Cash is credited.

EACH ACCOUNT THAT IS BEING REPLENISHED

A check with a _____ endorsement can be cashed

by anyone who has the check.

BLANK

An _______ check is one that has been issued but not yet

reported on a bank statement by the bank.

OUTSTANDING

A bank requires that the signature of the person

authorized to sign checks be on the ________ card.

SIGNATURE

The source document for an electronic funds transfer is a

____________.

MEMORANDUM

The source document for a debit card purchase is a _______.

MEMORANDUM

Each time cash or checks are placed in a bank account, the

customer prepares a _______.

DEPOSIT SLIP

An endorsement on the back of a check consisting only of a

signature is a ________ endorsement.

BLANK

A lost check with a blank endorsement on it can be

cashed by ________.

ANYONE WHO HAS

THE CHECK

An endorsement on the back of a check consisting of the words

“Pay to the order of” and a new check owner’s name is a _________ endorsement.

SPECIAL

An endorsement on the back of a check indicating that the check is to be accepted for deposit only is

a _______ endorsement.

RESTRICTIVE

What do you do if any kind of error is made in preparing a

check?•PREPARE A NEW CHECK

•WRITE “VOID” ON THE CHECK STUB•WRITE “VOID” ON THE CHECK

•ALL OF THE ABOVE

The entry to establish a $200 Petty Cash fund is:

Debit _______ for $200Credit _______ for $200

PETTY CASH

CASH

A petty cash fund is always replenished _______.

AT THE END OF THE MONTH

The bank statement shows a checking account balance of

$5,500. There are outstanding checks totaling $600, and

outstanding deposit of $400, and a bank service charge of

$15. The Cash account balance should be ________.

$5,300$5,500 – 600 + 400 = $5,300Service Charge is already on bank statement so no math is

calculated. You record that amount in your register.