Glencoe Accounting

Chapter 16: Special Journals: Sales and Cash Receipts

Making It Personal

American Express Travel Cash

When you pay for a purchase, you may use cash or an ATM. If you happen to be on vacation, you might use traveler's checks. Traveler's checks are preprinted in fixed amounts that can be used much like cash in many countries. Many people prefer to use this form of currency because if they are stolen, they can be replaced, unlike cash. The American Express Web site offers information on this and other forms of travel cash.

Destination Title: American Express Travel Cash,1641,23075,00.asp ]

Guided Activity

Start at the American Express Travel Cash Web site. Record you answers to these questions separately.

  1. List currencies in which American Express offers traveler's cheques.
  2. Click Lost or Stolen Cheques & Cards in left navigation bar. If your cheques are lost or stolen, what information will you need to be able to get a refund?
  3. American Express suggests travel cash options depending on where you plan to travel. Click the GO link in the Choose the Right Product box on the right side of the page for the Travel Cash Comparison Chart. If traveling to Brazil, what travel cash solution is suggested? Hong Kong?
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