This document discusses how to record dishonored checks, electronic fund transfers, and debit card transactions in accounting. It provides steps for recording a dishonored check on a check stub, journalizing a dishonored check, journalizing an electronic funds transfer, and journalizing a debit card transaction. Key terms covered include dishonored check, electronic funds transfer, and debit card.

1. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
LESSON 5-3LESSON 5-3
Dishonored Checks and
Electronic Banking

2. 2
LESSON 5-3CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
RECORDING A DISHONORED CHECK ONRECORDING A DISHONORED CHECK ON
A CHECK STUBA CHECK STUB
1. Write Dishonored check
$105.00 on the line under
the heading “Other.”
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2. Write the total of the
dishonored check in the
amount column.
3. Calculate and record the
new subtotal on the Subtotal
line.

3. 3
LESSON 5-3CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
JOURNALIZING A DISHONORED CHECKJOURNALIZING A DISHONORED CHECK
1. Date. Write the date.
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November 29. Received notice from the bank of a dishonored
check from Campus Internet Café, $70.00, plus $35.00 fee; total,
$105.00. Memorandum No. 55.
2. Debit. Write the title of the
account to be debited.
3. Credit. Write the amount credited.
4. Source document. Write the
source document number.
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4. 4
LESSON 5-3CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
JOURNALIZING AN ELECTRONIC FUNDSJOURNALIZING AN ELECTRONIC FUNDS
TRANSFERTRANSFER
1. Date. Write the date.
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September 2. Paid cash on account to Kelson Enterprises,
$350.00, using EFT. Memorandum No. 10.
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2. Debit. Write the title of the account to be
debited. Record the amount debited.
3. Credit. Record the amount credited.
4. Source document. Write the source
document number.

5. 5
LESSON 5-3CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
JOURNALIZING A DEBIT CARDJOURNALIZING A DEBIT CARD
TRANSACTIONTRANSACTION
1. Date. Write the date.
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September 5. Purchased supplies, $24.00, using debit card.
Memorandum No. 12.
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2. Debit. Write the title of the account to be
debited. Record the amount debited.
3. Credit. Record the amount credited.
4. Source document. Write the source
document number.

6. 6
LESSON 5-3CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
TERMS REVIEWTERMS REVIEW
 dishonored check
 electronic funds transfer
 debit card
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7. 6
LESSON 5-3CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
TERMS REVIEWTERMS REVIEW
 dishonored check
 electronic funds transfer
 debit card
page 133