Chapter 6 The Journal and Source Documents

Slides:



Advertisements
Similar presentations
Posting Journal Entries to General Ledger Accounts Making Accounting Relevant Every business completes business transactions daily. Think about the various.
Advertisements

Completing the Accounting Cycle for Sole Proprietorship
Chapter 6 - Journalizing. Book of original entry. Transactions recorded in chronological order. Purpose of the Journal: 1. Shows the complete effects.
Accounting Is Fun! List The Steps In The Accounting Cycle 1.Analyze source documents & record business transactions in a journal 2.Post journal entries.
Chapter 8 Completing the Accounting Cycle
Chapter 9, Section 3.  What is petty cash used for?  Petty Cash Report Used to account for petty cash payments and show if cash is short or over. Cash.
Chapter 4 General Journal Accounting 100 Skyline College.
Learning Objective 5 Record transactions in the general journal.
Recording Adjusting and Closing Entries for a Service Business Chapter 8, Section 1.
Chapter 1 – The Accounting Cycle l DRAFT | Accounting 1, 7 th Edition1 Chapter 1 The Accounting Cycle Ch1.
Recording Transactions in a General Ledger. Journal – a form for recording transactions in chronological order. Journaling – recording transactions in.
Chapter 3, Section 1 and 2 Accounting I/II.  1 st step – T-Accounts  2 nd step – Journalizing Debit Credit.
Posting from a General Journal to a General Ledger Accounting I Chapter 4, Section 3.
Posting from a General Journal to a General Ledger Accounting I Chapter 4, Section 2.
Chapter 7 – Posting | DRAFT | Accounting 1, 7 th Edition 1 Chapter 7 Posting Ch7.
Proving and Ruling a Journal Accounting 1 Chapter 3 Section 4.
Chapter 7.1 Posting Accounting data in this journal entry has not yet been transferred to the ledger Journal.
Chapter 9 – Accounting for Cash | DRAFT | Accounting 1, 7 th Edition1 Chapter 9 Accounting for Cash Ch9.
Chapter 5 Journalizing Transactions. Journal Journal —A form for recording transactions in chronological order.
CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 3-1 Journals, Source Documents, and Recording Entries in a Journal.
Recording. Basic Concepts Recording is the process of recognizing transactions in a chronological order Recording is also known as journalizing The process.
The General Journal BAF3M. General Journal Records all parts of a transaction in one place The date, the debit, the credit, and an explanation for each.
Posting Separate Amounts from a Journal to a General Ledger POSTING TRANSFERRING INFORMATION FROM A JOURNAL ENTRY TO A LEDGER ACCOUNT POSTING.
CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 11-3 Posting from Journals to a General Ledger.
 A good accounting system must be able to handle transactions in order, even if they are happening at a rapid pace. The chronological journal is a centuries-old.
Accounting Cycle.
Chapter 6 – The Journal and Source Documents l Accounting 1, 7 th Edition1 Chapter 6 The Journal and Source Documents 6.
Chapter 7, Section 1 Posting Journal Entries to General Ledger Accounts.
Chapter 3 Notes.
LESSON 11-1 Posting to an Accounts Payable Ledger
Lesson 4-2 Posting Separate Amounts from a Journal to a General Ledger
Chapter Four 11 Words.
The Journal and Source Documents
LESSON 3-2 Examples? Check Receipt Memos Sales invoice Calculator Tape
Chapter 4 Debit and Credit Theory
The Journal Unit 6.
LESSON 4-2 Posting from a General Journal to a General Ledger
The Journal and the Ledger
Chapter 7 Posting 7 Chapter 7 – Posting | Accounting 1, 7th Edition.
Accounting Chapter 3 Vocabulary.
Chapter 6 The Journal and Source Documents
Business Accounting Chapter 7.
The Accounting Cycle The General Journal.
Chapter 7, Section 2 The Posting Process
LESSON 3-2 2/19/2019 LESSON 3-2 Journalizing Buying Insurance, Buying on Account, and Paying on Account.
Chapter 6 The Journal and Source Documents
Posting to an Accounts Receivable Ledger
Lesson 4-2 Posting Separate Amounts from a Journal to a General Ledger
LESSON 4-2 Posting from a General Journal to a General Ledger
LESSON 3-2 4/23/2019 LESSON 3-2 Journalizing Buying Insurance, Buying on Account, and Paying on Account.
LESSON 11-3 Posting from Journals to a General Ledger
LESSON 11-1 Posting to an Accounts Payable Ledger
Lesson 4-2 Posting Separate Amounts from a Journal to a General Ledger
LESSON 11-1 Posting to an Accounts Payable Ledger
Chapter 6, Section 2 Recording Transactions in the General Journal
LESSONG 3-4 Proving and Ruling a Journal
LESSON 11-3 Posting from Journals to a General Ledger
Journalizing an Asset Purchase
Journalizing an Asset Purchase
LESSON 11-1 Posting to an Accounts Payable Ledger
Journals and Journalizing
Quick Review What are the steps involved in opening an account with a balance?
LESSON 11-3 Posting from Journals to a General Ledger
Posting to an Accounts Receivable Ledger
Chapter 6 The Journal and Source Documents
Posting to an Accounts Receivable Ledger
Analyzing Transactions
STARTING A NEW PAGE FOR AN ACCOUNT IN A GENERAL LEDGER
Posting to an Accounts Receivable Ledger
LESSON 3-2 8/1/2019 LESSON 3-2 Journalizing Buying Insurance, Buying on Account, and Paying on Account.
Presentation transcript:

Chapter 6 The Journal and Source Documents Chapter 6 – The Journal and Source Documents l DRAFT | Accounting 1, 7th Edition

Making Journal Entries This tutorial guides you through creating journal entries. For more detailed instructions, refer to Section 6.1 of the Accounting 1 textbook. Chapter 6 – The Journal and Source Documents l DRAFT | Accounting 1, 7th Edition

Making Journal Entries Enter the page number. Chapter 6 – The Journal and Source Documents l DRAFT | Accounting 1, 7th Edition

Making Journal Entries Enter the date Making Journal Entries Enter the date. The month and year goes in the first date column. The day of the month goes in the second date column. Chapter 6 – The Journal and Source Documents l DRAFT | Accounting 1, 7th Edition

Making Journal Entries Enter the debit account(s). Chapter 6 – The Journal and Source Documents l DRAFT | Accounting 1, 7th Edition

Making Journal Entries Enter the debit amount(s). Chapter 6 – The Journal and Source Documents l DRAFT | Accounting 1, 7th Edition

Making Journal Entries Enter the credit account(s) Making Journal Entries Enter the credit account(s). Be sure to indent the account name. Chapter 6 – The Journal and Source Documents l DRAFT | Accounting 1, 7th Edition

Making Journal Entries Enter the credit amount(s). Chapter 6 – The Journal and Source Documents l DRAFT | Accounting 1, 7th Edition

Making Journal Entries Write a short description of the transaction Making Journal Entries Write a short description of the transaction. Include the source document number if available. Chapter 6 – The Journal and Source Documents l DRAFT | Accounting 1, 7th Edition

Making Journal Entries Skip a line and start the next transaction Making Journal Entries Skip a line and start the next transaction. If the transaction occurs in the same month as the previous one, you do not need to re-write the month and year. Chapter 6 – The Journal and Source Documents l DRAFT | Accounting 1, 7th Edition

Making Journal Entries Enter the debit account(s). Chapter 6 – The Journal and Source Documents l DRAFT | Accounting 1, 7th Edition

Making Journal Entries Enter the debit amount(s). Chapter 6 – The Journal and Source Documents l DRAFT | Accounting 1, 7th Edition

Making Journal Entries Enter the credit account(s) Making Journal Entries Enter the credit account(s). Be sure to indent the account name. Chapter 6 – The Journal and Source Documents l DRAFT | Accounting 1, 7th Edition

Making Journal Entries Enter the credit amount(s). Chapter 6 – The Journal and Source Documents l DRAFT | Accounting 1, 7th Edition

Making Journal Entries In this transaction, there are two credit entries. Chapter 6 – The Journal and Source Documents l DRAFT | Accounting 1, 7th Edition

Making Journal Entries The amounts of the two credit entries equal the debit entry amount. Chapter 6 – The Journal and Source Documents l DRAFT | Accounting 1, 7th Edition

Making Journal Entries Write a short description of the transaction Making Journal Entries Write a short description of the transaction. Include the source document number if available. You may use more than one line to write the explanation if necessary. Chapter 6 – The Journal and Source Documents l DRAFT | Accounting 1, 7th Edition

Feedback: Privacy Policy Feedback
Do Not Sell My Personal Information
About project: SlidePlayer Terms of Service

© 2024 SlidePlayer.com Inc. All rights reserved.