Petty Cash
The amount of cash kept on hand and used for making small payments
Petty Cash
A report of deposits, withdrawals and bank balances sent to a depositor by a bank.
Bank Statement
What is the debit and credit to purchase supplies with a debit card?
Debit: Supplies
Credit: Cash
The simplest type of endorsement only containing the endorser's signature.
Blank Endorsement
Are outstanding checks added or subtracted to the bank statement balance?
Subtracted
A form showing proof of a petty cash payment.
Petty Cash Slip
A check that a bank refuses to pay.
Dishonored Check
What is the debit and credit for recording a bank service charge?
Debit: Miscellaneous Expense
Credit: Cash
A signature or stamp on the back of a check, transferring ownership.
Endorsement
Cash short and over is classified as a
Asset
True or False When petty cash is replenished, Petty Cash is Debited and Cash is Credited.
False
A check that has been paid by the bank
What are the debit and credit for establishing a petty cash fund.
Debit: Petty Cash
Credit: Cash
An endorsement indicating there is a new owner of the check.
Special Endorsement
Each time cash or checks are placed in a bank account, the customer prepares a
Deposit Slip
A petty cash on hand amount that is more than the recorded amount.
Cash Over
A check with a future date on it
Postdated Check
What is the debit and credit for recording a dishonored check from S. Jessup?
Debit: Accounts Receivable - S. Jessup
Credit: Cash
An endorsement on the back of a check consisting of the words "Pay to the order of" is a
Special Endorsement
Write $459.28 in words as if you would on a check.
A petty cash on hand amount that is less than the recorded amount.
Cash Short
A computerized cash payments system that transfers funds without the use of checks, currency or other paper documents.
Electronic Funds Transfer
What are the debits and credit for replenishing a petty cash fund with Advertising Expense, Miscellaneous Expense, and Cash Over and Short?
Debit: Advertising Expense
Miscellaneous Expense
Cash Over and Short
Credit: Cash
What is the phrase to start a restrictive endorsement.
For Deposit Only to
the account of
What two additional items are added and subtracted (in that order) on a check stub balance reconciliation?
Deposit & Other (Service charge)