Chapter 3 Recording Transactions in a General Journal

Chapter 3 Recording Transactions in a General Journal 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

3 A GENERAL JOURNAL CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning page 57 LESSON 3 -1

4 CHECKS CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning page 58 LESSON 3 -1

5 SALES INVOICES CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning page 58 LESSON 3 -1

6 OTHER SOURCE DOCUMENTS page 59 calculator tape receipt memorandum CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 3 -1

7 RECEIVED CASH FROM OWNER AS AN INVESTMENT page 60 August 1. Received cash from owner as an investment, $5, 000. Receipt No. 1. 1 2 3 2 4 3 1. Write the date in the Date column. 2. Write the title of the account debited. Write the debit amount. 3. Write the title of the account credited. Write the credit amount. 4. Write the source document number in the Doc. No. column. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 3 -1

8 PAID CASH FOR SUPPLIES page 61 August 3. Paid cash for supplies, $275. 00. Check No. 1. 1 2 3 2 4 3 1. Write the date in the Date column. 2. Write the title of the account debited. Write the debit amount. 3. Write the title of the account credited. Write the credit amount. 4. Write the source document number in the Doc. No. column. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 3 -1

9 TERMS REVIEW n n n journalizing entry general journal double-entry accounting source document page 62 n n n check invoice sales invoice receipt memorandum CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 3 -1

LESSON 3 -2 Journalizing Buying Insurance, Buying on Account, and Paying on Account CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning

11 PAID CASH FOR INSURANCE page 63 August 4. Paid cash for insurance, $1, 200. Check No. 2. 1 2 3 2 4 3 1. Write the date in the Date column. 2. Write the title of the account debited. Write the debit amount. 3. Write the title of the account credited. Write the credit amount. 4. Write the source document number in the Doc. No. column. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 3 -2

12 BOUGHT SUPPLIES ON ACCOUNT page 64 August 7. Bought supplies on account from Supply Depot, $500. Memorandum No. 1. 2 1 4 2 3 3 1. Write the date in the Date column. 2. Write the title of the account debited. Write the debit amount. 3. Write the title of the account credited. Write the credit amount. 4. Write the source document number in the Doc. No. column. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 3 -2

13 PAID CASH ON ACCOUNT page 65 August 11. Paid cash on account to Supply Depot, $300. Check No. 3. 2 1 4 2 3 3 1. Write the date in the Date column. 2. Write the title of the account debited. Write the debit amount. 3. Write the title of the account credited. Write the credit amount. 4. Write the source document number in the Doc. No. column. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 3 -2

LESSON 3 -3 Journalizing Transactions That Affect Owner’s Equity and Receiving Cash on Account CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning

15 RECEIVED CASH FROM SALES page 68 August 12. Received cash from sales, $295. 00. Tape No. 12. 2 1 2 3 4 3 1. Write the date in the Date column. 2. Write the title of the account debited. Write the debit amount. 3. Write the title of the account credited. Write the credit amount. 4. Write the source document number in the Doc. No. column. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 3 -3

16 SOLD SERVICES ON ACCOUNT page 69 August 12. Sold services on account to Oakdale School, $350. 00. Sales Invoice No. 1. 2 1 2 3 4 3 1. Write the date in the Date column. 2. Write the title of the account debited. Write the debit amount. 3. Write the title of the account credited. Write the credit amount. 4. Write the source document number in the Doc. No. column. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 3 -3

17 PAID CASH FOR AN EXPENSE page 70 August 12. Paid cash for rent, $300. Check No. 4. 1 2 4 3 2 3 1. Write the date in the Date column. 2. Write the title of the account debited. Write the debit amount. 3. Write the title of the account credited. Write the credit amount. 4. Write the source document number in the Doc. No. column. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 3 -3

18 RECEIVED CASH ON ACCOUNT page 71 August 18. Received cash on account from Oakdale School, $200. Receipt No. 2. 1 2 4 2 3 3 1. Write the date in the Date column. 2. Write the title of the account debited. Write the debit amount. 3. Write the title of the account credited. Write the credit amount. 4. Write the source document number in the Doc. No. column. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 3 -3

19 PAID CASH TO OWNER FOR PERSONAL USE page 72 August 18. Paid cash to owner for personal use, $125. 00. Check No. 6. 1 2 4 3 2 3 1. Write the date in the Date column. 2. Write the title of the account debited. Write the debit amount. 3. Write the title of the account credited. Write the credit amount. 4. Write the source document number in the Doc. No. column. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 3 -3

LESSON 3 -4 Starting a New Journal Page CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning

21 A COMPLETED JOURNAL PAGE CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning page 74 LESSON 3 -4

22 STARTING A NEW GENERAL JOURNAL PAGE page 75 2 CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 3 -4

23 STANDARD ACCOUNTING PRACTICES page 76 4 2 6 3 1 5 CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 3 -4