Trust tutorial part 1

/,).!2%!,%34./24(#!2!4%#/--)33)/.Although this fi rst step is not required, we recommend documenting all funds re-1AUDITOR'Sceived by preparing receipts for cash and photocopying all checks, money orders, etc.FIRST OF THREE-PART SERIES.1/4/0XDATE No. 750410$ 1,200RECEIVED FROM Charles Clark Rental Trust Account Twelve hundred & 00/100 DOLLARS FOR RENT $600 Rent, $600 Sec Dep 143 North BlvdFOR Deposit Cycle 1,200 00 CASH ACCOUNT Jan 1 Jan 31 From To 1/4/0XDATE No. 750411PAYMENT 1,200 00 CHECKBy MONEY $Blake Stephens0 1,100RECEIVED FROMBAL. DUE ORDEREleven hundred & 00/100 DOLLARSAccount for rental funds with receipts, FOR RENT $550 Rent, $550 Sec Dep 2500 Johnson StFORphotocopies, validated bank deposit tickets 1,100 00 CASHACCOUNT Jan 1 Jan 31and worksheets, journal and ledger entries. From ToPAY M E N T 1,100 00 CHECK John BrokerByMONEYBAL. DUE 0 ORDERDeposit funds in an insured NC bank and keep a copy of the 2 Make a record of the deposit with a Supplemental Deposit bank-validated deposit ticket in Worksheet identifying remitter/tenant, property, purpose and 3your trust account fi lesamount. Balance cash receipts and check copies with deposit DEPOSIT ticket and supplemental deposit worksheet. Cross reference YOUR REALTY COMPANY, INC. deposit ticket to Supplemental Deposit Worksheet.TRUST ACCOUNT DATE 1/4/0XSUPPLEMENTAL DEPOSIT WORKSHEET # 0X-2 ...