1. Departmental Sales on Account and Sales Returns and Allowances
LESSON 2-1
2/18/2019
LESSON 2-1
Departmental Sales on Account and Sales Returns and Allowances
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2. JOURNALIZING SALES ON ACCOUNT
page 37
June 1. Sold audio equipment on account to Kim Electronics, $280.00, plus sales tax, $23.10; total, $ Sales Invoice No. 101. 1 2 3 4 5 6
1. Write the date.
2. Write the customer name.
3. Write the sales invoice number.
4. Write the total invoice amount.
5. Write the sales tax payable amount.
6. Write the sales amount.
LESSON 2-1

3. POSTING FROM A SALES JOURNAL TO THE ACCOUNTS RECEIVABLE LEDGER
page 38 2 1 5 3 4
1. Write date.
2. Write sales journal page.
3. Enter amount in Debit column.
4. Enter account balance.
5. Write customer number in Post. Ref. column of sales journal.
LESSON 2-1

4. POSTING FROM A SALES JOURNAL TO A GENERAL LEDGER ACCOUNT
page 39 2 3 1 5 4
1. Write date.
4. Enter account balance.
2. Write sales journal page.
5. Write general ledger account number in parentheses.
3. Enter debit amount.
LESSON 2-1

5. JOURNALIZING SALES RETURNS AND ALLOWANCES
page 40
June 5. Granted credit to Kim Electronics for audio equipment returned, $130, plus sales tax, $10.73, from Sales Invoice No. 101; total, $ Credit Memo No. 43. 2 1 4 3 5 7 6
1. Write date.
5. Enter accounts to be credited.
2. Enter accounts to be debited.
6. Draw diagonal line.
3. Record credit memo number.
7. Write credit amount.
4. Write debit amounts.
LESSON 2-1

6. POSTING FROM GENERAL JOURNAL
page 41 2
1. Date
2. Journal page number 3
3. Debit amounts 1
4. Credit amount 4 5
5. Account numbers
LESSON 2-1

7. TERM REVIEW
page 43
credit memorandum
LESSON 2-1