Accounting 1 Ch. 5

A check that the bank refuses to pay is called...

• electronic funds transfer
• postdated check
• dishonored check
• debit card

A report of deposits, withdrawals, and bank balances sent to a depositor by a bank

• checking account
• code of conduct
• petty cash slip
• bank statement

A computerized cash payments system that transfers funds without the use of checks, currency, or tother paper documents

• debit card
• checking account
• electronic funds transfer
• postdated check

A signature or stamp on the back of a check transferring ownership

• special endorsement
• endorsement
• restrictive endorsement
• blank endorsement

Voided checks should be recorded in the journal

• True
• False

When petty cash is replenished, "Petty Cash" is debited and "Cash" is credited.

• True
• False

A check with a blank endorsement can be cashed by anyone who has the check.

• True
• False

The bank requires that the signature of the person authorized to sign checks be on the signature card

• True
• False

Each time cash or checks are placed in a bank account, the customer prepares a _________________.

• blank endorsement
• checking account
• deposit slip
• check

The entry to establish a $200 petty cash fund is debit "Petty Cash" credit "____________"

• Cash
• Expenses
• Sales
• Capital