Accounting 11/27/07
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 (8:35)
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. Chapter 6 Review Sheet Due @ 9:00
B. Pg 141 Mastery Problem wb pgs 109-110
III. Test Thursday