Bryant Nguyen
Business V03
Professor Frohnauer
07 July 2020
Chapter 7 Homework
E7-1A
1. An endorsement where the depositor simply signs on the back of the check – C) Blank
endorsement
2. An endorsement that contains words like “For Deposit Only” together with the signature
– E) Restrictive endorsement
3. A card filled out and signed by each person authorized to sign checks on an account – A)
Signature card
4. The depositor who orders the bank to pay cash from the depositor’s account – D) Drawer
5. The bank on which the check is drawn – F) Drawee
6. The person being paid the cash – G) Payee
7. A check that has been paid by the bank and is being returned to the depositor – B)
Canceled Check
E7-6A
Bryant Nguyen
Business V03
Professor Frohnauer
P7-8A
Bryant Nguyen
Business V03
Professor Frohnauer
P7-9A
Bryant Nguyen
Business V03
Professor Frohnauer
P7-10A
Bryant Nguyen
Business V03
Professor Frohnauer
P7-11A
The ending balance of the cash short and over account is a credit balance of $1.00. This
represents a net overage and thus is a revenue.