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Lecture Practical business math procedures (10/e): Chapter 4 - Jeffrey Slater

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Chapter 4 - Banking. After reading this chapter, you should have a good understanding of the following learning objectives: Define and state the purpose of signature cards, checks, deposit slips, check stubs, check registers, and endorsements; correctly prepare deposit slips and write checks; explain the trends in the banking industry; define and state the purpose of the bank statement; complete a check register and a bank reconciliation; explain the trends in online banking pro and con. | Chapter 4 Banking McGraw-Hill/Irwin ©2011 The McGraw-Hill Companies, All Rights Reserved Define and state the purpose of signature cards, checks, deposit slips, check stubs, check registers, and endorsements Correctly prepare deposit slips, write checks Banking #4 Learning Unit Objectives The Checking Account LU4.1 4- Explain the trends in the banking industry Define and state the purpose of the bank statement Complete a check register and a bank reconciliation Explain the trends in online banking pro and con Banking #4 Learning Unit Objectives Trends in Banking Industry: Bank Statement and Reconciliation Process; Trends in Online Banking LU4.2 4- Checks/Drafts Written order instructing a bank, credit union, or savings and loan institution to pay a designated amount of your money on deposit w/the bank to a person or organization Payee - To whom check is payable Drawee- Bank ordered to pay Drawer - One who writes the check Deposit Slip - Fig 4.1 Gracie’s . | Chapter 4 Banking McGraw-Hill/Irwin ©2011 The McGraw-Hill Companies, All Rights Reserved Define and state the purpose of signature cards, checks, deposit slips, check stubs, check registers, and endorsements Correctly prepare deposit slips, write checks Banking #4 Learning Unit Objectives The Checking Account LU4.1 4- Explain the trends in the banking industry Define and state the purpose of the bank statement Complete a check register and a bank reconciliation Explain the trends in online banking pro and con Banking #4 Learning Unit Objectives Trends in Banking Industry: Bank Statement and Reconciliation Process; Trends in Online Banking LU4.2 4- Checks/Drafts Written order instructing a bank, credit union, or savings and loan institution to pay a designated amount of your money on deposit w/the bank to a person or organization Payee - To whom check is payable Drawee- Bank ordered to pay Drawer - One who writes the check Deposit Slip - Fig 4.1 Gracie’s Natural Superstore 80 Garfield Street Bartlet, NH 01835 Date _ 20 _ DEPOSITS MAY NOT BE AVAILABLE FOR IMMEDIATE WITHDRAWAL IpswichBank ipswichbank.com 211370587 88190662 Checks and other items are received for deposit subject to the provisions of the uniform commercial code or any applicable collection agreement USE OTHER SIDE FOR ADDITIONAL LISTING. The structure of a check - Fig 4.2 Gracie’s Natural Superstore 80 Garfield Street 53-7058/2113 No. 633 Bartlet, NH 01835 88190662 Pay __20 __ To The Order of _$ _ __ DOLLARS IpswichBank ipswichbank.com Memo_ :211370587 88190662 633 0000006000 Staples Corporation March 8 09 xx Six Thousand and 100 xx 6,000 100 Molly Kate Office Equipment Types of Endorsements Gracie’s Natural .

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