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Download Intro to Business Reading Guide Name: Period: ______ 17
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Intro to Business Reading Guide Name: ___________________________ Period: ________ 17-3 Checks and Payment Methods I. Opening a Checking Account A) The First Deposit B) Types of Endorsements endorsement Blank Endorsement Full Endorsement Restrictive Endorsement II. Using a Checking Account A) Check Writing Procedures Elements of a Check Check Register Writing a Check (7 steps): Proper Check Writing (8 tips): B) Stopping Payment stop payment order III. The Reconciliation Process A) Bank Statement Information (8 items) B) Determine Checks Paid C) Find Differences bank reconciliation some of the most common reasons for the difference include: (6 reasons) D) Calculate Adjusted Balance 1. 2. 3. 4. IV. Other Types of Payments A) Certified Checks B) Cashier's Checks C) Traveler's Checks D) Money Orders bank postal express telegraphic - Staying up-to-date: There are several new developments with respect to mobile banking and the use of technology in all kinds of financial services. Are you aware of any? Discuss this with your parents and search online and come to class prepared to have a discussion on this topic.
