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CENTURY 21 ACCOUNTING © Thomson/South-Western March 13, 2014 EQ: How do you create a Chart of Accounts and how do you post entries to a General Ledger?

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Presentation on theme: "CENTURY 21 ACCOUNTING © Thomson/South-Western March 13, 2014 EQ: How do you create a Chart of Accounts and how do you post entries to a General Ledger?"— Presentation transcript:

1 CENTURY 21 ACCOUNTING © Thomson/South-Western March 13, 2014 EQ: How do you create a Chart of Accounts and how do you post entries to a General Ledger? DO NOW: start working on vocabulary LEARNING ACTIVITY: Vocabulary Preview Sheet Start 4-1 notes HOMEWORK: EXIT TICKET: WOW handout 1 LESSON 4-1

2 CENTURY 21 ACCOUNTING © Thomson/South-Western JANUARY 30, 2013 EQ: How do you create a Chart of Accounts and how do you post entries to a General Ledger? DO NOW: start working on vocabulary LEARNING ACTIVITY: “Whacky Wheel” Wednesday Go over 4-1 OYO HOMEWORK: EXIT TICKET: WOW handout 2 LESSON 4-1

3 CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 4-1 Preparing a Chart of Accounts

4 CENTURY 21 ACCOUNTING © Thomson/South-Western 4 LESSON 4-1 RELATIONSHIP OF A T ACCOUNT TO AN ACCOUNT FORM page 91 Balance columns

5 CENTURY 21 ACCOUNTING © Thomson/South-Western 5 LESSON 4-1 CHART OF ACCOUNTS page 92

6 CENTURY 21 ACCOUNTING © Thomson/South-Western 6 LESSON 4-1 ACCOUNT NUMBERS page 92

7 CENTURY 21 ACCOUNTING © Thomson/South-Western 7 LESSON Write the account title. 2.Write the account number. OPENING AN ACCOUNT IN A GENERAL LEDGER page 94 12

8 CENTURY 21 ACCOUNTING © Thomson/South-Western 8 LESSON 4-1 TERMS REVIEW ledger general ledger account number file maintenance opening an account page 95

9 CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 4-2 Posting Separate Amounts from a Journal to a General Ledger

10 CENTURY 21 ACCOUNTING © Thomson/South-Western 10 LESSON Write the date.4.Write the new account balance. 2.Write the journal page number. 3.Write the debit amount. 5.Return to the journal and write the account number. POSTING AN AMOUNT FROM A GENERAL DEBIT COLUMN page

11 CENTURY 21 ACCOUNTING © Thomson/South-Western 11 LESSON 4-2 POSTING A SECOND AMOUNT TO AN ACCOUNT page Write the date.4.Write the new account balance. 2.Write the journal page number. 3.Write the debit amount. 5.Return to the journal and write the account number.

12 CENTURY 21 ACCOUNTING © Thomson/South-Western 12 LESSON 4-2 POSTING AN AMOUNT FROM A GENERAL CREDIT COLUMN page Write the date.4.Write the new account balance. 2.Write the journal page number. 3.Write the credit amount. 5.Return to the journal and write the account number. 2

13 CENTURY 21 ACCOUNTING © Thomson/South-Western 13 LESSON 4-2 TERM REVIEW posting page 99

14 CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 4-3 Posting Column Totals from a Journal to a General Ledger

15 CENTURY 21 ACCOUNTING © Thomson/South-Western 15 LESSON 4-3 CHECK MARKS SHOW THAT AMOUNTS ARE NOT POSTED page 100 Check mark indicates that amounts ARE NOT posted individually. Check mark indicates that general amount column totals ARE NOT posted.

16 CENTURY 21 ACCOUNTING © Thomson/South-Western 16 LESSON 4-3 POSTING THE TOTAL OF THE SALES CREDIT COLUMN page Write the date.4.Write the new account balance. 2.Write the journal page number. 3.Write the column total. 5.Return to the journal and write the account number

17 CENTURY 21 ACCOUNTING © Thomson/South-Western 17 LESSON 4-3 POSTING THE TOTAL OF THE CASH DEBIT COLUMN page Write the date.4.Write the new account balance. 2.Write the journal page number. 3.Write the column total. 5.Return to the journal and write the account number

18 CENTURY 21 ACCOUNTING © Thomson/South-Western 18 LESSON 4-3 POSTING THE TOTAL OF THE CASH CREDIT COLUMN page Write the date.4.Write the new account balance. 2.Write the journal page number. 3.Write the column total. 5.Return to the journal and write the account number

19 CENTURY 21 ACCOUNTING © Thomson/South-Western Do Now/Warm-Up: List the five steps to post transactions from a Journal to General Ledgers. True/False: Separate amounts in general amount columns are not posted individually. True/False: The first digit of account numbers for accounts in the owner’s equity ledger division is 3. Go over 4-4 Work Together:  Workbook Page 65, textbook page On Your Own:  Workbook Page 65, textbook page 110  4-1 Application Problem (Chart of Accounts) – (graded assignment 50 pts)  Workbook Page 67, textbook page 111  Exit Ticket - handout How do you journalize and post a correcting entry? AGENDA – Thursday, February 9, EQ: How do you journalize and post a correcting entry?

20 CENTURY 21 ACCOUNTING © Thomson/South-Western FEBRUARY 5, LESSON 4-1 EQ: Why is it necessary to post to a general ledger? DO NOW: ½ sheet LEARNING ACTIVITY: Finish 4-2 and 4-3 Work Together Do 4-2 and 4-3 On Your Own Finish 4-1 Application Problem HOMEWORK: x-word puzzle EXIT TICKET: Post-it (parking lot)

21 CENTURY 21 ACCOUNTING © Thomson/South-Western FEBRUARY 8, LESSON 4-1 EQ: Why is it necessary to post to a general ledger? DO NOW: ½ sheet LEARNING ACTIVITY: Go over 4-3 On Your Own - postings Go over Chapter 4 Preview Sheet Website to review vocabulary Accountingxtra.swlearning.com HOMEWORK: none EXIT TICKET: Post-it (parking lot) Next Quiz: Tuesday, February 12

22 CENTURY 21 ACCOUNTING © Thomson/South-Western FEBRUARY 12, LESSON 4-1 EQ: Why is it necessary to post to a general ledger? DO NOW: ½ sheet LEARNING ACTIVITY: Chapter 4 quiz 4-2 and 4-3 Application Problem (APLIA) – Week 25 HOMEWORK: none EXIT TICKET: Post-it (parking lot) Next Test: Chapter 4 Test, Tuesday, February 19

23 CENTURY 21 ACCOUNTING © Thomson/South-Western FEBRUARY 15, LESSON 4-1 EQ: Why is it necessary to post to a general ledger? DO NOW: find your assigned computer LEARNING ACTIVITY: 4-2 and 4-3 Application Problem (APLIA) – Week 25 Chapter 4 Study Guide – Week 25 Chapter 4 on-line quiz: accountingxtra.swlearning.com Go over quiz (bananas) HOMEWORK: study for test EXIT TICKET: Post-it (parking lot) Next Test: Chapter 4 Test, Tuesday, February 19

24 CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 4-4 Completed Accounting Forms and Making Correcting Entries

25 CENTURY 21 ACCOUNTING © Thomson/South-Western 25 LESSON 4-4 JOURNAL PAGE WITH POSTING COMPLETED page 105

26 CENTURY 21 ACCOUNTING © Thomson/South-Western 26 LESSON 4-4 MEMORANDUM FOR A CORRECTING ENTRY page 108

27 CENTURY 21 ACCOUNTING © Thomson/South-Western 27 LESSON 4-4 JOURNAL ENTRY TO RECORD A CORRECTING ENTRY page Source Document 3 Credit 1 Date 2 Debit November 13. Discovered that a payment of cash for advertising in October was journalized and posted in error as a debit to Miscellaneous Expense instead of Advertising Expense, $ Memorandum No. 15.

28 CENTURY 21 ACCOUNTING © Thomson/South-Western 28 LESSON 4-4 TERM REVIEW correcting entry page 109

29 CENTURY 21 ACCOUNTING © Thomson/South-Western FEBRUARY 19, LESSON 4-1 EQ: Why is it necessary to post to a general ledger? DO NOW: find your assigned computer and review for test LEARNING ACTIVITY: Chapter 4 Test (APLIA) Read over Chapter 5 HOMEWORK: none EXIT TICKET: Post-it (parking lot)

30 CENTURY 21 ACCOUNTING © Thomson/South-Western April 15, LESSON 4-1 EQ: Why is it necessary to post to a general ledger? DO NOW: find your assigned computer and review for test LEARNING ACTIVITY: Go over Study Guide Posting quiz Chapter 4 On-line quiz Accountingxtra.swlearning.com HOMEWORK: none EXIT TICKET: Post-it (parking lot)

31 CENTURY 21 ACCOUNTING © Thomson/South-Western May 5, LESSON 4-1 EQ: Why is it necessary to post to a general ledger? DO NOW: find your assigned computer and review for test LEARNING ACTIVITY: Review posting Posting quiz Chapter 4 On-line quiz Accountingxtra.swlearning.com HOMEWORK: study – Chapter 4 Test Wednesday EXIT TICKET: Post-it (parking lot)

32 CENTURY 21 ACCOUNTING © Thomson/South-Western April 11, LESSON 4-1 EQ: Why is it necessary to post to a general ledger? DO NOW: find your assigned computer LEARNING ACTIVITY: APLIA – 4-1 Application Problem – (Week 32) APLIA – 4-2 Application Problem – (Week 32) APLIA – 4-3 Application Problem – (Week 32) HOMEWORK: none EXIT TICKET: Post-it (parking lot)

33 CENTURY 21 ACCOUNTING © Thomson/South-Western May 7, LESSON 4-1 EQ: Why is it necessary to post to a general ledger? DO NOW: find your assigned computer LEARNING ACTIVITY: Chapter 4 Test HOMEWORK: none EXIT TICKET:

34 CENTURY 21 ACCOUNTING © Thomson/South-Western May 9, LESSON 4-1 EQ: Why is it necessary to post to a general ledger? DO NOW: find your assigned computer LEARNING ACTIVITY: Chapter 4 Test – Week 36 Make-up work HOMEWORK: none EXIT TICKET:


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