Transcript June 1. Sold audio equipment on account to Kim Electronics

LESSON 2-1
NAME: _________
PERIOD: _______
Departmental Sales on
Account and Sales
Returns and Allowances
CENTURY 21 ACCOUNTING © Thomson/South-Western
2
JOURNALIZING SALES ON ACCOUNT
page 37
June 1. Sold audio equipment on account to Kim Electronics, $280.00,
plus sales tax, $23.10; total, $303.10. Sales Invoice No. 101.
1
2
3
4
5
6
1. Write the date.
2. Write the customer name.
3. Write the sales invoice number.
4. Write the total invoice amount.
5. Write the sales tax payable amount.
6. Write the sales amount.
CENTURY 21 ACCOUNTING © Thomson/South-Western
LESSON 2-1
3
POSTING FROM A SALES JOURNAL TO
THE ACCOUNTS RECEIVABLE LEDGER
1
page 38
5
2
3
4
1. Write date.
2. Write sales journal page.
3. Enter amount in Debit column.
4. Enter account balance.
5. Write customer number in Post. Ref. column of sales journal.
CENTURY 21 ACCOUNTING © Thomson/South-Western
LESSON 2-1
4
POSTING FROM A SALES JOURNAL
TO A GENERAL LEDGER ACCOUNT
page 39
3
1
2
5
4
1. Write date.
4. Enter account balance.
2. Write sales journal page.
5. Write general ledger account
number in parentheses.
3. Enter debit amount.
CENTURY 21 ACCOUNTING © Thomson/South-Western
LESSON 2-1
5
JOURNALIZING SALES
RETURNS AND ALLOWANCES
page 40
June 5. Granted credit to Kim Electronics for audio equipment returned, $130, plus
sales tax, $10.73, from Sales Invoice No. 101; total, $140.73. Credit Memo No. 43.
2
1
1.
2.
3.
4.
Write date.
Enter accounts to be debited.
Record credit memo number.
Write debit amounts.
5
3
4
6
7
5. Enter accounts to be credited.
6. Draw diagonal line.
7. Write credit amount.
CENTURY 21 ACCOUNTING © Thomson/South-Western
LESSON 2-1
6
POSTING FROM GENERAL JOURNAL
2
page 41
1. Date
2. Journal page
number
3
3. Debit amounts
1
4. Credit amount
4
5
5. Account numbers
5
1
1
2
4
5
3
2
CENTURY 21 ACCOUNTING © Thomson/South-Western
5
1
1
3
2
5
2
4
LESSON 2-1