RECEIVING CASH Transaction 1 August 1. Received cash from owner an an investment, $10,000.00. Lesson 1-2, page 9.

Slides:



Advertisements
Similar presentations
LESSON 1-2 How Business Activities Change the Accounting Equation
Advertisements

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 3-1 Journals, Source Documents, and Recording Entries in a Journal.
Chapter 1 – Starting a Proprietorship
Chapter 1 Balance Sheet Accounts. Big Ideas Define accounting terms related to starting a service business organized as a proprietorship Identify accounting.
LESSON 1-2 How Business Activities Change the Accounting Equation.
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 2-2 Analyzing How Transactions Affect Accounts.
© 2000 South-Western Educational Publishing THE ACCOUNTING EQUATION Lesson 1-1, page 7.
© South-Western Educational Publishing RECEIVED CASH FROM OWNER AS AN INVESTMENT Lesson 3-2, page 45 August 1. Received cash from owner as an investment,
Chapter 1 Starting a Proprietorship. Terms that you need to know  Accounting  Planning recording analyzing and interpreting financial information 
The Expanded Accounting Equation ______ ASSETS = LIABILITIES + Owner’s EQUITY Prepaid Accts. Pay./ B. Trevino, Cash + Supplies + Insurance = Ling Music.
Accounting. How Business Activities affect the Account Equation transaction - a business activity that changes assets, liabilities, and owners equity.
CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 2-2 Analyzing How Transactions Affect Accounts.
CENTURY 21 ACCOUNTING © Thomson/South-Western 1 LESSON 1-2 Lesson 1-1 THE ACCOUNTING EQUATION page 8.
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 1-1 The Accounting Equation.
LESSON 2-1 Using T Accounts
© 2000 South-Western Educational Publishing PAID CASH FOR INSURANCE Lesson 4-2, page 72 August 4. Paid cash for insurance, $1, Check No Which.
Chapter 1 Starting a Proprietorship. Terms that you need to know  Accounting  Planning recording analyzing and interpreting financial information 
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 2-1 Using T Accounts.
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 1-2 How Business Activities Change the Accounting Equation.
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning Chapter 2 Objectives: Define accounting terms related to analyzing transactions into debit.
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 1-2 How Business Activities Change the Accounting Equation.
CENTURY 21 ACCOUNTING © Thomson/South-Western 1 LESSON 2-1 ANALYZING THE ACCOUNTING EQUATION - Using T Accounts page 28.
CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 3-1 Journals, Source Documents, and Recording Entries in a Journal.
How Business Activities Change the Accounting Equation Section 1-2.
Chapter 1 – Starting a Proprietorship n Objectives: –Define accounting terms related to starting a service business organized as a proprietorship –Classify.
© 2000 South-Western Educational Publishing A FIVE-COLUMN JOURNAL Using a Journal To help save time and become more efficient, businesses use a Special.
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning TERMS – We went over 2 already accounting accounting system accounting records financial statements.
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning 1 LESSON 1-1 General Ledger Chart of Accounts – refer to it often (CofA) Acc’t for simplest.
It is the language of business
Journals, Source Documents, and Recording Entries in a Journal
The 4 Questions You Must Ask When Analyzing a Transaction…
Starting a Proprietorship: Changes That Affect the Accounting Equation
Chapter 3 - Analyzing Transactions into Debit & Credit Parts
© 2014 Cengage Learning. All Rights Reserved.
Encore Music Uses five source documents
LESSON 2-2 Analyzing How Transactions Affect Accounts
LESSON 1-2 How Business Activities Change the Accounting Equation
Lesson 1-1 The Accounting Equation
LESSON 1-2 How Business Activities Change the Accounting Equation
Lesson 1-1 The Accounting Equation
Lesson 1-1 The Accounting Equation
RECEIVING CASH Transaction 1 August 1. Received cash from owner as an investment, $10, Lesson 1-2, page 9.
LESSON 1-2 How Business Activities Change the Accounting Equation
Chapter 2- Starting a Proprietorship
Journals, Source Documents, and Recording Entries in a Journal
Journals, Source Documents, and Recording Entries in a Journal
LESSON 3-2 2/19/2019 LESSON 3-2 Journalizing Buying Insurance, Buying on Account, and Paying on Account.
LESSON 2-1 Using T Accounts
LESSON 3-2 2/24/2019 LESSON 3-2 Journalizing Buying Insurance, Buying on Account, and Paying on Account Original created by M.C. McLaughlin, Thomson/South-Western.
Journalizing Transactions
Lesson 01-2 (GJ) RECEIVING CASH
Analyzing Transactions into Debit and Credit Parts
LESSON 2-1 Using T Accounts
Analyzing Transactions into Debit and Credit Parts
LESSON 2-1 Using T Accounts
LESSON 3-2 4/18/2019 LESSON 3-2 Journalizing Buying Insurance, Buying on Account, and Paying on Account Original created by M.C. McLaughlin, Thomson/South-Western.
Journals, Source Documents, and Recording Entries in a Journal
LESSON 3-2 4/23/2019 LESSON 3-2 Journalizing Buying Insurance, Buying on Account, and Paying on Account.
LESSON 1-2 How Business Activities Change the Accounting Equation
What is Accounting Accounting is the Language of Business
Lesson 1-1 The Accounting Equation
Lesson 1-1 The Accounting Equation
LESSON 2-2 Analyzing How Transactions Affect Accounts
Journals, Source Documents, and Recording Entries in a Journal
LESSON 2-1 Using T Accounts
LESSON 2-3 Analyzing How Transactions Affect Owner’s Equity Accounts
LESSON 3-2 5/24/2019 LESSON 3-2 Journalizing Buying Insurance, Buying on Account, and Paying on Account GREEN.
LESSON 2-1 Using T Accounts
LESSON 3-2 8/1/2019 LESSON 3-2 Journalizing Buying Insurance, Buying on Account, and Paying on Account.
PAID CASH FOR INSURANCE
Presentation transcript:

RECEIVING CASH Transaction 1 August 1. Received cash from owner an an investment, $10,000.00. Lesson 1-2, page 9

Transaction 2 August 3. Paid cash for supplies, $1,577.00. PAYING CASH Transaction 2 August 3. Paid cash for supplies, $1,577.00. Transaction 3 August 4. Paid cash for insurance, $1,200.00. Lesson 1-2, page 10

TRANSACTIONS ON ACCOUNT Transaction 4 August 7. Bought supplies on account from Ling Music Supplies, $2,720.00. Transaction 5 August 11. Paid cash on account to Ling Music Supplies, $1,360.00. Lesson 1-2, page 11

TERMS REVIEW transaction account account title account balance capital Lesson 1-2, page 12