1. Journals, Source Documents, and Recording Entries in a Journal
LESSON 3-1
6/23/2018
LESSON 3-1
Journals, Source Documents, and Recording Entries in a Journal

2. TERMS REVIEW
page 62
Journal—a form for recording transactions in chronological order
Journalizing—recording transactions in a journal
Special amount column—a journal amount column headed with an account title
General amount column—a journal amount column not headed with an account title
Entry—information for each transaction recorded in a journal
Double-entry accounting—the recording of debit and credit parts of a transaction
LESSON 3-1

3. Terms Continued
Source Document—a business paper from which information is obtained for a journal entry
Check—a business form ordering a bank to pay cash from a bank account
Invoice—a form describing the goods and services sold, the quantity, and the price
Sales Invoice—an invoice used as a source document for recording a sale on account
Receipt—a business form giving written acknowledgement for cash received
Memorandum—a form which a brief message is written describing a transaction
LESSON 3-1

4. A FIVE-COLUMN JOURNAL
page 57
LESSON 3-1

5. CHECKS
page 58
LESSON 3-1

6. SALES INVOICES
page 58
LESSON 3-1

7. OTHER SOURCE DOCUMENTS
LESSON 3-1
6/23/2018
OTHER SOURCE DOCUMENTS
page 59
receipt
calculator tape
memorandum
LESSON 3-1

8. RECEIVED CASH FROM OWNER AS AN INVESTMENT
page 60
August 1. Received cash from owner as an investment, $5, Receipt No. 1. 1 3 2 4
1. Write the date in the Date column.
2. Write the debit amount in the Cash Debit column.
3. Record the credit amount in the General Credit column. Write the title of the account in the Account Title column.
4. Write the source document number in the Doc. No. column.
LESSON 3-1

9. PAID CASH FOR SUPPLIES
page 61
August 3. Paid cash for supplies, $ Check No. 1. 1 2 3 4
1. Write the date in the Date column.
2. Record the debit amount in the General Debit column. Write the title of the account in the Account Title column.
3. Write the credit amount in the Cash Credit column.
4. Write the source document number in the Doc. No. column.
LESSON 3-1

10. LESSON 3-2
6/23/2018
LESSON 3-2
Journalizing Buying Insurance, Buying on Account, and Paying on Account

11. PAID CASH FOR INSURANCE
page 63
August 4. Paid cash for insurance, $1, Check No. 2. 1 2 3 4
1. Write the date in the Date column.
2. Record the debit amount in the General Debit column. Write the title of the account in the Account Title column.
3. Write the credit amount in the Cash Credit column.
4. Write the source document number in the Doc. No. column.
LESSON 3-2

12. BOUGHT SUPPLIES ON ACCOUNT
page 64
August 7. Bought supplies on account from Supply Depot, $ Memorandum No. 1. 2 4 1 3
1. Write the date in the Date column.
2. Record the debit amount in the General Debit column. Write the title of the account in the Account Title column.
3. Record the credit amount on the next line in the General Credit column. Write the title of the account in the Account Title column.
4. Write the source document number in the Doc. No. column on the first line of the entry.
LESSON 3-2

13. PAID CASH ON ACCOUNT
page 65
August 11. Paid cash on account to Supply Depot, $ Check No. 3. 2 1 3 4
1. Write the date in the Date column.
2. Record the debit amount in the General Debit column. Write the title of the account in the Account Title column.
3. Write the credit amount in the Cash Credit column.
4. Write the source document number in the Doc. No. column.
LESSON 3-2

14. LESSON 3-3
6/23/2018
LESSON 3-3
Journalizing Transactions That Affect Owner’s Equity and Receiving Cash on Account
Blue

15. RECEIVED CASH FROM SALES
page 67
August 12. Received cash from sales, $ Tape No. 12. 1 3 4 2
1. Write the date in the Date column.
2. Write the debit amount in the Cash Debit column.
3. Write the credit amount in the Sales Credit column. Place a check mark in the Account Title column. A check mark is also placed in the Post. Ref. column.
4. Write the source document number in the Doc. No. column.
LESSON 3-3

16. SOLD SERVICES ON ACCOUNT
page 68
August 12. Sold services on account to Oakdale School, $ Sales Invoice No. 1. 2 1 4 3
1. Write the date in the Date column.
2. Record the debit amount in the General Debit column. Write the title of the account in the Account Title column.
3. Write the credit amount in the Sales Credit column.
4. Write the source document number in the Doc. No. column.
LESSON 3-3

17. PAID CASH FOR AN EXPENSE
page 69
August 12. Paid cash for rent, $ Check No. 4. 1 2 4 3
1. Write the date in the Date column.
2. Write the debit amount in the General Debit column. Write the title of the account in the Account Title column.
3. Write the credit amount in the Cash Credit column.
4. Write the source document number in the Doc. No. column.
LESSON 3-3

18. RECEIVED CASH ON ACCOUNT
page 70
August 18. Received cash on account from Oakdale School, $ Receipt No. 2. 3 1 2 4
1. Write the date in the Date column.
2. Write the debit amount in the Cash Debit column.
3. Record the credit amount in the General Credit column. Write the title of the account in the Account Title column.
4. Write the source document number in the Doc. No. column.
LESSON 3-3

19. PAID CASH TO OWNER FOR PERSONAL USE
page 71
August 18. Paid cash to owner for personal use, $ Check No. 6. 1 2 4 3
1. Write the date in the Date column.
2. Write the debit amount in the General Debit column. Write the title of the account in the Account Title column.
3. Write the credit amount in the Cash Credit column.
4. Write the source document number in the Doc. No. column.
LESSON 3-3

20. LESSONG 3-4 Proving and Ruling a Journal
6/23/2018
LESSON 3-4
Proving and Ruling a Journal

21. Proving Cash
Proving Cash—determining that the amount of cash agrees with the accounting records
LESSON 3-1

22. PROVING A JOURNAL PAGE 1 2 3 1. Add each of the amount columns.
2. Add the debit column totals, and then add the credit column totals.
3. Verify that the total debits and total credits are equal.
LESSON 3-4

23. RULING A JOURNAL PAGE 1 2 3 5 4 1. Rule a single line.
2. Write the date.
3. Write Carried Forward.
4. Write each column total.
5. Rule double lines.
LESSON 3-4

24. STARTING A NEW JOURNAL PAGE1 2 3 4
1. Write the page number.
2. Write the date.
3. Write Brought Forward in the Account Title column. A check mark is also placed in the Post. Ref. column.
4. Record the column totals brought forward from the previous page.
LESSON 3-4

25. PROVING AND RULING A JOURNAL AT THE END OF A MONTH
page 75 1 2 3 5 4
1. Rule a single line.
2. On the next line, write the date.
3. Write the word Totals.
4. Write each column total.
5. Rule double lines.
LESSON 3-4

26. STANDARD ACCOUNTING PRACTICES
page 77 1 4 5 2 3 6 7 8 9
LESSON 3-4

27. TERM REVIEW
page 78
proving cash
LESSON 3-4