Reconciling a Bank Statement and Preparing a check stub
Petty Cash
100
An endorsement indicating a new owner of a check.
What is a special endorsement?
100
Using a memorandum as the source document for a dishonored check is an application of this accounting concept.
What is objective evidence?
100
An endorsement consisting of just a signature is known as a...
What is a blank endorsement?
100
Checks that have been written but have not been cashed yet.
What is an outstanding check?
100
For Mrs. Kissling Petty Cash is...
What is hard to say?
200
An amount of cash kept on hand and used for making small payments.
What is petty cash?
200
This is the source document for a debit card purchase.
What is a memorandum?
200
An endorsement of a check indicating that the check is to be accepted for deposit only is known as a...
What is a restrictive endorsement?
200
Deposits that have been recorded but do not show on the bank statement yet...
What is an outstanding deposit?
200
In the past, during the final students are still trying to debit petty cash when they are...
What is replenishing petty cash?
300
A statement that guides the ethical behavior of a company and its employees.
What is code of conduct?
300
A check with a blank endorsement can be cashed by...
What is anyone who has the check?
300
A petty cash fund is always replenished at this time.
What is the end of the month?
300
The balance on the check stub minus and service charges.
What is the adjusted check stub balance?
300
The source document for replenishing petty cash is...
What is a check?
400
A check with a future date on it.
What is a post dated check?
400
When petty cash is replenished this account is credited.
What is the cash account?
400
The entry to establish a $100 petty cash fund is...
What is a $100 debit to petty cash and a $100 credit to cash?
400
The bank statement balance minus and outstanding checks and adding any outstanding deposits.
What is the adjusted bank balance?
400
The objective evidence that you spent money from the petty cash fund.
What is a petty cash slip?
500
An endorsement restricting further transfer of a check's ownership.
What is a restrictive endorsement?
500
There are two circumstances you journalize to petty cash they are.
What is opening the account and increasing the account.
500
The bank statement shows a checking account balance of $1,000. There are outstanding checks in the amount of of $500 and an outstanding deposit of $200 and the bank service charge is $10. The check stub balance would show...
What is $700?
500
If the adjusted bank balance and the adjusted check stub balance equal each other you are said to be...
What is in balance?
500
If the start of the month showed $100 in the petty cash fund and at the end of the month you have petty cash slips in the box for $10, $15, how much cash is in the box?