Accounting 1 – 4/24/08
Objectives:
- Define accounting terms related to using a checking account.
- Identify accounting concepts and practices related to using a checking account.
- Define accounting terms related to using a petty cash fund
- Establish and replenish a petty cash fund.
I. Bellwork
A. What is the benefit of establishing a petty cash fund?
B. What is debited and what is credited to record a dishonored check?
C. What is debited and what is credited to record a bank service charge?
II. Classwork
A. Page 141 Mastery Problem wb pgs 109-110
B. Chapter 6 Review Sheet
III. Test Next Tuesday