Glencoe Accounting

Chapter 17: Special Journals: Purchases and Cash Payments

Extend: Matter of Ethics

Insufficient Funds

  • US banks collect approximately $5.2 billion a year in bounced check charges.
  • Using the Web sites below, research articles regarding money management and bounced checks. Try using search terms like "bounced checks" and "hot checks."
  • Find the amounts charged by different banks to customers who write bad checks.
  • Prepare a report in which you outline ways that individuals can protect themselves against writing bad checks.
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