Day 29

After completing Lesson 5-3, you will be able to:

  • Define accounting terms related to using a checking account.
  • Identify accounting concepts and practices related to using a checking account.
  • Prepare business papers related to using a checking account.
  • Journalize dishonored checks and electronic banking transactions. 

Notes 5-3

  1. Obtain a Notes 5-3 handout from your instructor and record your notes through the presentation.  You can also view the presentation here.

Working Together 5-3

  1. Make a copy of this spreadsheet.
  2. Place this file in your Chapter 5 folder.
  3. Rename the file to Lesson 5-3-(Your Initials)
  4. Complete the spreadsheet according to the directions on page 133 or below.

On Your Own 5-3

  1. Type the answers to this problem in the Working Papers.  Work this problem independently.  Follow the instructions on page 133 or below.

Self-Assessment 5-3

  1. Complete this self-assessment for Lesson 5-3.  You can use your textbook and notes to complete this assessment.

Lesson 5-3 Assignment

  1. Using your Lesson 5-3 spreadsheet, click on the Application Problem 5-3 sheet at the bottom left, and complete the problem as directed on page 141 or below.

The following errors were discovered after the incorrect entries were already journalized and posted.