Final answer:
The check number is indeed entered on the tender when a customer pays by check to help with record keeping, making the statement True. A check requires important information to be valid and sufficient funds in the account to avoid an overdraft.
Step-by-step explanation:
When a customer pays by check, the check number is typically entered on the tender to keep track of the transaction. Therefore, the statement is True. Entering the check number helps both the business and the customer for record-keeping purposes. When using a check for payment of goods and services, you need to have sufficient funds in your account, the recipient's name, the date, and a signature on the check. The store deposits the check in their bank account to get the money. If the account lacks sufficient funds, the check might bounce, leading to an overdraft, which is when an account balance goes below zero because the amount withdrawn exceeds the available balance.