Chapter 6

Cash Control Systems

Essential Questions

What is the procedure for reconciling a bank statement? What is the procedure for writing a check? What are the various ways of endorsing a check? What is the process for journalizing dishonored checks? What is the process for journalizing electronic banking transactions? How is a petty cash fund established? How is a petty cash fund replenished?

TERMS FOR CHAPTER 6

- checking account - endorsement - blank endorsement - special endorsement - restrictive endorsement - postdated check

- bank statement - dishonored check - electronic funds transfer - debit card - petty cash - petty cash slip

ASSIGNMENTS

Checking Accounts Read pp. 118-124 1) View Power Point presentation 6-1 2) Complete Application Problem 6-1 p. 140 3) Work on Study Guide 6 November 5 Bank Reconciliation Read pp. 125-129 1) View Power Point presentation 6-2 2) Complete Application Problem 6-2 p. 140 3) Continue to Work on Study Guide 6 November 6 Dishonored Checks and Electronic Banking Read pp. 130-134 1) View Power Point presentation 6-3 2) Complete Application Problem 6-3 p. 140 3) Continue to Work on Study Guide 6 November 11 Business Simulation Task 2 Business Simulation Task two Business Ethics discussion November 12-13

Petty Cash Read pp. 135-139 1) View Power Point presentation 6-4 2) Complete Application Problem 6-4 p. 141 3) Complete Study Guide 6 November 14 Complete Mastery Problem 6-5 p. 141 November 17 Additional Chapter exercises Chapter Six Internet Activity Accounting in Your Career p. 119 Due November 18 PICPA Field Trip Penn State-Berks November 19 Tentative Test Date for Chapter 6 is Friday, November 21. Challenge Problem 6-6 p. 142 may be completed for extra credit