Transcript File

LESSON 3-1
Journals, Source Documents,
and Recording Entries in a
Journal
Objective: We will define,
identify and record in
relation to journals.
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
2
TERMS REVIEW
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journal
journalizing
entry
general journal
double-entry accounting
source document
page 62
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check
invoice
sales invoice
receipt
memorandum
Make sure you get your vocab
completed!!!
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
LESSON 3-1
Let’s review!!!
Flashcards with your elbow
partner. Partner with
closest bday quiz first then
switch!!!
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
4
A GENERAL JOURNAL
page 57
With your front/back partner (older partner is A-younger is
B) review the terms for the journal on page 57 in the book.
Be prepared to share with the class. Partner A will
accuracy and chronological order to each other and the
group and partner B has double-entry and source
documents.
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
LESSON 3-1
5
CHECKS
page 58
Let’s discuss some important features.
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
LESSON 3-1
6
SALES INVOICES
page 58
Let’s discuss some important features.
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
LESSON 3-1
7
OTHER SOURCE DOCUMENTS
page 59
Why is a receipt used as the
source document instead of
the cash or check received?
calculator tape
receipt
memorandum
Let’s discuss some important
features.
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
LESSON 3-1
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Let’s put some transactions into the general journal.
$ and decimal places are not included in the general
journal—a thick or tinted line is used to separate the two
Analyzing your transactions with T-accounts makes
journalizing easier.
DETAILS are vital!!! Write in the correct numbers and
spell words correctly!!!
Always list the accounts debited before the accounts
credited.
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
LESSON 3-1
9
RECEIVED CASH FROM OWNER AS AN
INVESTMENT
page 60
August 1. Received cash from owner as an investment, $5,000.00.
Receipt No. 1.
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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
10
PAID CASH FOR SUPPLIES
page 61
August 3. Paid cash for supplies, $275.00. Check No. 1.
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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