Endorsements
Vocabulary
The Check
Bank Reconciliation
Journal Entries
"Pot Luck"
Taillon
100
A signature of the back left side of the check of the person or firm the check is payable to. The bank will give the money to the last person who signs the check.
Blank Endorsement
100
Forms signed by a bank customer that the banks uses to verify signature authenticity on checks.
Signature Card
100
Form used to indicate a specific amount of money that is to be paid by the bank to a named person or company.
Check
100
Check that has been processed by a bank and is no longer negotiable.
Cancelled check
100
The journal entry to establish a petty cash account for $300.
Debit Petty Cash $300 and Credit Cash $300
100
This pink product was invented by an accountant.
What is BUBBLE GUM?
100
Town Mrs. Taillon lives in.
Bristol
200
This endorsement is safest for business. It limits further use of the check and can only be deposited in the specified account.
Restrictive Endorsement
200
Form provided by the bank for use when adding money or checks into a bank account.
Deposit slip
200
Bank that account owner has an account with.
Drawee Bank
200
Deposits that were made by customers of a bank but did not reach, or were not processed by, the bank before the preparation of the bank statement.
Deposits in Transit
200
The journal entry for a Bank Service Charge $50.
DR Service Charge Expense (Misc. Expense) $50
CR Cash $50
200
3 of the 4 "Big 4" accounting firms. (lettters are good for 3 of the 4)
PWC, E & Y, Deloitte, KPMG
200
First job out of college. (position and industry)
Internal Auditor for large bank
300
The signing or stamping the back left side of the check.
Endorsement
300
The process of comparing the bank balance of the bank statement to the company's checkbook balance.
Bank Reconciliation
300
Person or company to whom the check is payable.
Payee
300
Checks written by a company or person that were not received or not processed by the bank before the preparation of the bank statement.
Outstanding Check
300
The journal entry for a debit memo received for an NSF check from your customer Jan Shady. $200.00
DR Accounts Receivable $200
CR Cash $200
300
Who is Luca Pacioli?
300
Favorite place to go to relax and destress.
Walk by the Farmington River
400
The person or company signing (or stamping) the back of the check indicates the name of the company or person to whom the check is to be paid.
Full Endorsement
400
Procedures and methods to control a firm's assets as well as monitor its operations.
Internal Controls (Internal Control System)
400
Person who writes the check (the account owner).
Drawer
400
The bank notifies the business that they have collected a note for them using this document.
credit memorandum (memo)
400
Liberty Bank collected a note for ABC Company, $2,500.00, less a $20.00 collection fee.
DR Cash $2,480.00
DR Service Charge Expense $20.00
CR Notes Receivable $2,500.00
400
What accounting word has three consecutive double letters?
Bookkeeper OR Bookkeeping
400
Class I had to give up when they assigned me AP Macroeconomics.
Principles of Law
500
Another name for Full Endorsement
Special Endorsement
500
A check that cannot be processed because the maker has made it invalid.
What is voided check?
500
Which accounts are affected? Paid cash to establish a petty cash fund.
What is Petty Cash and Cash?
500
The bank notifies the business of an NSF check or other deductions using this.
Debit memorandum (memo)
500
The petty cash account was established for $400. Now it is time to replenish the fund.
Cash in the box is $50 with vouchers for donations of $60, supplies $70, postage expense $210.
DR Donation Expense $60
DR Supplies $70
DR Postage Expense $210
DR Cash Short and Over $10
CR Cash $350.
500
How did the CPA break her leg?
She lost her balance.
500
My favorite retired Patriot Player that just got hired to help the Pats. 
Matthew Slater