ch08 WebCT - Credit Memorandum Collect notes receivable....

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Chapter 8-1 Chapter Chapter 8 8 Internal Control and Cash ACCT 2111– Introductory Financial Accounting
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Chapter 8-2 Contributes to good internal control over cash. Minimizes the amount of currency on hand. Creates a double record of bank transactions. Bank reconciliation. Use of a Bank Use of a Bank
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Chapter 8-3 Bank Statements Debit Memorandum Bank service charge NSF (not sufficient funds) Use of a Bank Use of a Bank Illustration 8-12
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Unformatted text preview: Credit Memorandum Collect notes receivable. Interest earned. Chapter 8-4 Reconciliation Procedures Use of a Bank Use of a Bank + Deposit in Transit- Outstanding Checks +/- Bank Errors + Notes collected by bank-NSF (bounced) checks-Check printing or other service charges +/- Book Errors CORRECT BALANCE CORRECT BALANCE Illustration 8-13 Chapter 8-5 In Class Example...
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ch08 WebCT - Credit Memorandum Collect notes receivable....

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