CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 5-2 Bank Reconciliation Bank...
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CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 5-2 LESSON 5-2 Bank Reconciliation Bank statement Bank statement reconciliation Recording a bank statement charge on a check stub Journalizing a bank service charge
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Transcript of CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 5-2 Bank Reconciliation Bank...
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
LESSON 5-2LESSON 5-2
Bank Reconciliation
Bank statementBank statement reconciliationRecording a bank statement charge on a check stubJournalizing a bank service charge
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
Competency: Understanding Competency: Understanding Cash Control SystemsCash Control Systems
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LESSON 5-2
Objectives:75 Reconcile a bank statement
76 Journalize banking transactions
77 Maintain petty cash records
78 Maintain a checking account
79 Identify security considerations related to cash control systems
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
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LESSON 5-2
BANK STATEMENTBANK STATEMENT page 124
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
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LESSON 5-2
5.Bank Statement Balance
BANK STATEMENT RECONCILIATIONBANK STATEMENT RECONCILIATION
1122
33
44
55
66
77
88
99
9.Adjusted Bank Balance
page 125
2.Check Stub Balance
10. Compare Adjusted Balances
1.Date
3.Service Charge4.Adjusted Check Stub Balance
6.Outstanding Deposits7.Subtotal8.Outstanding Checks 1010
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
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LESSON 5-2
1. Write Service Charge $8.00 on the check stub under the heading “Other.”
RECORDING A BANK SERVICE CHARGE RECORDING A BANK SERVICE CHARGE ON A CHECK STUBON A CHECK STUB page 126
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2. Write the amount of the service charge in the amount column.
3. Calculate and record the new subtotal on the Subtotal line.
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
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LESSON 5-2
JOURNALIZING A BANK SERVICE JOURNALIZING A BANK SERVICE CHARGECHARGE
1. Date. Write the date.
page 127
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August 31. Received bank statement showing August bank service charge, $8.00. Memorandum No. 3.
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2. 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
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LESSON 5-2
TERM REVIEWTERM REVIEW
bank statement
page 128
