1. CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 3-2 Journalizing Buying Insurance, Buying on Account, and Paying on Account

2. CENTURY 21 ACCOUNTING © Thomson/South-Western 2 LESSON 3-2 PAID CASH FOR INSURANCE page 63 August 4. Paid cash for insurance, $1,200.00. Check No. 2. 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. 1 4 3 22

3. CENTURY 21 ACCOUNTING © Thomson/South-Western 3 LESSON 3-2 BOUGHT SUPPLIES ON ACCOUNT page 64 August 7. Bought supplies on account from Supply Depot, $500.00. Memorandum No. 1. 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. 1 4 22 33

4. CENTURY 21 ACCOUNTING © Thomson/South-Western 4 LESSON 3-2 PAID CASH ON ACCOUNT page 65 August 11. Paid cash on account to Supply Depot, $300.00. Check No. 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 Cash Credit column. 4.Write the source document number in the Doc. No. column. 4 3 2 2 1

5. CENTURY 21 ACCOUNTING © Thomson/South-Western 3 – 2 Assignment Audit Your Understanding page 66 ~ questions 1 – 3 On Your Own page 66 5 LESSON 3-2

6. CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 3-3 Journalizing Transactions That Affect Owner’s Equity and Receiving Cash on Account

7. CENTURY 21 ACCOUNTING © Thomson/South-Western 7 LESSON 3-3 RECEIVED CASH FROM SALES page 67 August 12. Received cash from sales, $295.00. Tape No. 12. 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. 4 21 333

8. CENTURY 21 ACCOUNTING © Thomson/South-Western 8 LESSON 3-3 SOLD SERVICES ON ACCOUNT page 68 August 12. Sold services on account to Oakdale School, $350.00. Sales Invoice No. 1. 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. 413 2 2

9. CENTURY 21 ACCOUNTING © Thomson/South-Western 9 LESSON 3-3 PAID CASH FOR AN EXPENSE page 69 August 12. Paid cash for rent, $300.00. Check No. 4. 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. 41 3 22

10. CENTURY 21 ACCOUNTING © Thomson/South-Western 10 LESSON 3-3 RECEIVED CASH ON ACCOUNT page 70 August 12. Received cash on account from Oakdale School, $200.00. Receipt No. 2. 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. 12 4 3 3

11. CENTURY 21 ACCOUNTING © Thomson/South-Western 11 LESSON 3-3 PAID CASH TO OWNER FOR PERSONAL USE page 71 August 12. Paid cash to owner for personal use, $125.00. Check No. 6. 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. 41 3 22

12. CENTURY 21 ACCOUNTING © Thomson/South-Western Chapter 3-3 Assignments On Your Own page 72 12 LESSON 3-2