Chapter 6 After Break Review

Which of the following is an example of a special endorsement ?

• Marsha Doe

• Pay to the Order of Jane Doe

  Marsha Doe

• For Deposit Only to the Account of Morgan Company

  Marsha Doe

• For Deposit of the order of Marsha Doe

Which of the following is an example of a restrictive endorsement?

• Marsha Jones

• Pay to the Order of Jane Doe

  Marsha Jones

• For Deposit only to the account of Jane Doe

  Marsha Jones

• Please put into the account of Jane Doe

Write a check for groceries to Wegmans for $100.00 on January 5, 2023

When completing a bank reconciliation, what two boxes do you want to match?

• Beginning Bank Statement Balance and Next Unused Check Stub

• After Reconciliation Bank Statement Balance and Balance on the next unused check stub after reconciliation

A small amount of cash set aside to be used for smaller transactions is called ________ _________

Which of the following would NOT be a transaction you would use petty cash for

• Buying stamps to mail an invoice to a customer

• Buying one of your employees a cheap lunch as a reward for excellent customer service

• Paying for dry cleaning from a local dry cleaner

• Paying Rent

When establishing a petty cash account, you should ________ petty cash and ________ cash

• Debit, Credit

• Credit, Debit

Which of the following is an example of a petty cash slip?

• 
• 
• 
• 

Which of the following is a bank statement?

• 
• 
• 
• 

What type of account is used to pay for most regular transactions?

• Savings Account

• CD Account

• Checking Account

• Money Market Account