Checking Accounts

In accounting, money is usually referred to as

• Mr. Hawkins' IG

• something of value

• bitcoin

• ca$h

Ca$h is kept in a bank as a (an)

• way to travel to Las Vegas

• way to convert it to bitcoins

• alternative to being put under a mattress

• safety measure

A bank account which payments can be ordered by a depositor is called a

• gift card

• credit card

• savings account

• checking account

When endorsing checks, a ____ endorsement just has your signature.

• special

• random

• blank

A special endorsement on a check says...

• Endorsed to the following person:

• Please cash this check.

• Pay to the order of...

A restrictive endorsement means FOR DEPOSIT ONLY INTO THE ACCOUNT OF...

• True

• False

A check that cannot be processed because the owner has made it invalid is a

• cashed check

• used check

• voided check

A report of deposits, withdrawals, and bank balances sent to an owner of a checking account is called a (an)

• excel spreadsheet

• credit card statement

• bank statement

A check which has been paid by a bank is called a

• reviewed check

• blank check

• canceled check

When a bank charge is journalized in the general journal, ___ expense is debited.

• service fee

• bank charge

• miscellaneous