bank deposit journal

Bank Deposit Journal

April 1

Organization deposited $4,500 in the bank for operating capital.

Debit to Cash $4,500

Credit to Bank Deposit $4,500

April 2

Organization deposited $2,000 in sales revenue from customers.

Debit to Cash $2,000

Credit to Bank Deposit $2,000

April 9

Organization deposited $1,200 in sales revenue from customers.

Debit to Cash $1,200

Credit to Bank Deposit $1,200

April 16

Organization received an electronic transfer of $3,000 from a customer.

Debit to Cash $3,000

Credit to Bank Deposit $3,000

April 19

Organization received a cashiers check for $5,000 from another customer.

Debit to Cash $5,000

Credit to Bank Deposit $5,000

April 22

Organization deposited $1,000 in sales revenue from customers.

Debit to Cash $1,000

Credit to Bank Deposit $1,000

April 25

Organization received a check for $3,500 from another customer.

Debit to Cash $3,500

Credit to Bank Deposit $3,500

April 30

Organization deposited $2,000 in sales revenue from customers.

Debit to Cash $2,000

Credit to Bank Deposit $2,000

During the month of April, the organization deposited a total of $22,200 in the bank. The organizations Cash account balance decreased by $22,200 and its Bank Deposit account increased by the same amount. The organization now has $22,200 more operating capital available to finance its business operations.

Today, I deposited $200 in the bank. First, I took out the deposit slip and filled it out with the date and amount of the deposit. Then I took out my ID and went to the teller window. The teller asked me for my ID, so I showed it to her. She then asked me to confirm the amount I was depositing, so I did. She then told me my balance and handed me the receipt. After that, I thanked her and put my receipt and ID back into my wallet.

I could now feel more relaxed since I had stored my money in a safe place. I had been saving for a trip for a long time and I was almost ready to go. Im excited about the days that are about to come and cant wait for them.

This deposit was mainly for emergency purposes, as I had heard that it was always wise to keep some money aside in case of emergency situations. I was glad I could now manage my money in a more organized way and that I had some saved for future activities. I could now sleep better at night, knowing that my savings were safe in the bank.

My experience at the bank was pleasant and it made me feel confident about my monetary situation. I learned once again that it is always a good idea to keep your savings in the bank in order to be sure of their safety. This deposit meant that I was one step closer to reaching my goal and I am grateful for it.