CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 3-1 Journals, Source Documents, and Recording Entries in a Journal
LESSON 3-1
Feb 23, 2016
LESSON 3-1. Journals, Source Documents, and Recording Entries in a Journal. A FIVE-COLUMN JOURNAL. page 57. CHECKS. page 58. SALES INVOICES. page 58. calculator tape. receipt. memorandum. OTHER SOURCE DOCUMENTS. page 59. 3. 3. RECEIVED CASH FROM OWNER AS AN INVESTMENT. page 60. - PowerPoint PPT Presentation
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CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
LESSON 3-1
Journals, Source Documents, and Recording Entries in a Journal
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
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LESSON 3-1
A FIVE-COLUMN JOURNAL page 57
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
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LESSON 3-1
CHECKS page 58
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
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LESSON 3-1
SALES INVOICES page 58
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
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LESSON 3-1
OTHER SOURCE DOCUMENTS page 59
memorandum
calculator tape
receipt
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
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LESSON 3-1
RECEIVED CASH FROM OWNER AS AN INVESTMENT page 60
August 1. Received cash from owner as an investment, $5,000.00. Receipt No. 1.
1. Write the date in the Date column.
2. Write the debit amount in the Cash Debit column.
3. Record the credit amount in the General Credit column. Write the title of the account in the Account Title column.
4. Write the source document number in the Doc. No. column.
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LESSON 3-1
PAID CASH FOR SUPPLIES page 61
August 3. Paid cash for supplies, $275.00. Check No. 1.
1. Write the date in the Date column.
2. Record the debit amount in the General Debit column. Write the title of the account in the Account Title column.
3. Write the credit amount in the Cash Credit column.
4. Write the source document number in the Doc. No. column.
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CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
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LESSON 3-1
TERMS REVIEW
journal journalizing special amount column general amount column entry double-entry accounting
source document check invoice sales invoice receipt memorandum
page 62
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
LESSON 3-2
Journalizing Buying Insurance, Buying on Account, and Paying on Account
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
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LESSON 3-2
PAID CASH FOR INSURANCE page 63
August 4. Paid cash for insurance, $1,200.00. Check No. 2.
1. Write the date in the Date column.
2. Record the debit amount in the General Debit column. Write the title of the account in the Account Title column.
3. Write the credit amount in the Cash Credit column.
4. Write the source document number in the Doc. No. column.
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CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
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LESSON 3-2
BOUGHT SUPPLIES ON ACCOUNT page 64
August 7. Bought supplies on account from Supply Depot, $500.00. Memorandum No. 1.
1. Write the date in the Date column.2. Record the debit amount in the General Debit
column. Write the title of the account in the Account Title column.
3. Record the credit amount on the next line in the General Credit column. Write the title of the account in the Account Title column.
4. Write the source document number in the Doc. No. column on the first line of the entry.
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CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
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LESSON 3-2
PAID CASH ON ACCOUNT page 65
August 11. Paid cash on account to Supply Depot, $300.00. Check No. 3.
1. Write the date in the Date column.
2. Record the debit amount in the General Debit column. Write the title of the account in the Account Title column.
3. Write the credit amount in the Cash Credit column.
4. Write the source document number in the Doc. No. column.
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CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
LESSON 3-3
Journalizing Transactions That Affect Owner’s Equity and Receiving Cash on Account
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
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LESSON 3-3
RECEIVED CASH FROM SALES page 67
August 12. Received cash from sales, $295.00. Tape No. 12.
1. Write the date in the Date column.2. Write the debit amount in the Cash
Debit column.3. Write the credit amount in the Sales
Credit column. Place a check mark in the Account Title column. A check mark is also placed in the Post. Ref. column.
4. Write the source document number in the Doc. No. column.
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CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
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LESSON 3-3
SOLD SERVICES ON ACCOUNT page 68
August 12. Sold services on account to Oakdale School, $350.00. Sales Invoice No. 1.
1. Write the date in the Date column.
2. Record the debit amount in the General Debit column. Write the title of the account in the Account Title column.
3. Write the credit amount in the Sales Credit column.
4. Write the source document number in the Doc. No. column.
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LESSON 3-3
PAID CASH FOR AN EXPENSE page 69
August 12. Paid cash for rent, $300.00. Check No. 4.
1. Write the date in the Date column.
2. Write the debit amount in the General Debit column. Write the title of the account in the Account Title column.
3. Write the credit amount in the Cash Credit column.
4. Write the source document number in the Doc. No. column.
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LESSON 3-3
RECEIVED CASH ON ACCOUNT page 70
August 18. Received cash on account from Oakdale School, $200.00. Receipt No. 2.
1. Write the date in the Date column.2. Write the debit amount in the Cash
Debit column.3. Record the credit amount in the General
Credit column. Write the title of the account in the Account Title column.
4. Write the source document number in the Doc. No. column.
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CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
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LESSON 3-3
PAID CASH TO OWNER FOR PERSONAL USE page 71
August 18. Paid cash to owner for personal use, $125.00. Check No. 6.
1. Write the date in the Date column.
2. Write the debit amount in the General Debit column. Write the title of the account in the Account Title column.
3. Write the credit amount in the Cash Credit column.
4. Write the source document number in the Doc. No. column.
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CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
LESSON 3-4
Proving and Ruling a Journal
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
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LESSON 3-4
PROVING A JOURNAL PAGE page 73
1. Add each of the amount columns.
2. Add the debit column totals, and then add the credit column totals.
3. Verify that the total debits and total credits are equal.
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CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
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LESSON 3-4
RULING A JOURNAL PAGE
5. Rule double lines.
page 74
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1. Rule a single line.2. Write the date.3. Write Carried Forward.4. Write each column total.
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
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LESSON 3-4
STARTING A NEW JOURNAL PAGE page 75
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2
41. Write the page number.
2. Write the date.
3. Write Brought Forward in the Account Title column. A check mark is also placed in the Post. Ref. column.
4. Record the column totals brought forward from the previous page.
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CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
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LESSON 3-4
PROVING AND RULING A JOURNAL AT THE END OF A MONTH page 75
5. Rule double lines.
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4
1. Rule a single line.2. On the next line, write the date.3. Write the word Totals.4. Write each column total.
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
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LESSON 3-4
STANDARD ACCOUNTING PRACTICES page 77
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CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
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LESSON 3-4
TERM REVIEW
proving cash
page 78
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