Journal entries: Cash and bank

Moving money: deposits and withdrawals, petty cash, returned cheques, bank fees, cash shortages, transfers between accounts and customer payments.

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The entries

1. Depositing the cash takings in the bankNot in: United States (US textbooks)
2. Withdrawing cash from the bank, with a feeNot in: United States (US textbooks)
3. Setting up a petty cash fund
4. Replenishing petty cash after several small expenses
5. Customer check returned NSF
6. Bank collects a note receivable for the company
7. Bank fee and interest found in a bank reconciliation
8. Cash shortage found at the cash count
9. Transferring money between two of the company’s bank accountsNot in: United States (US textbooks)
10. Customer pays two invoices by one bank transfer, less a bank fee

Other topics

• Starting the business
• Buying goods and supplies
• Selling goods and services
• Fixed assets
• Expenses and payroll
• Adjusting, closing and correcting
• Notes and loans
• Inventory and cost of goods
• Corporations and equity
• Multi-step scenarios