1. CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 3-1 Journals, Source Documents, and Recording Entries in a Journal

2. CENTURY 21 ACCOUNTING © Thomson/South-Western 2 LESSON 3-1 A GENERAL JOURNAL page 57

3. CENTURY 21 ACCOUNTING © Thomson/South-Western 3 LESSON 3-1 CHECKS page 58

4. CENTURY 21 ACCOUNTING © Thomson/South-Western 4 LESSON 3-1 SALES INVOICES page 58

5. CENTURY 21 ACCOUNTING © Thomson/South-Western 5 LESSON 3-1 OTHER SOURCE DOCUMENTS page 59 memorandum calculator tape receipt

6. CENTURY 21 ACCOUNTING © Thomson/South-Western 6 LESSON 3-1 Accounting - Good Morning! TICKET: Walk through the process of journalizing a transaction… THE MENU: Read and discuss the opening TICKET Review journalizing a transaction Discuss journalizing: 1. An investment in the business 2. A purchase of supplies with cash 3. A purchase of supplies on account 4. A purchase of insurance Work on above journal transactions independently Homework – journal transactions OUTCOMES: By the end of class, you will be able to:  List and describe each of the steps of journalizing a transaction  Build on these steps in order to journalize actual transactions  Independently journalize the 4 transactions stated in the menu

7. CENTURY 21 ACCOUNTING © Thomson/South-Western 7 LESSON 3-1 2.Write the title of the account debited. Write the debit amount. RECEIVED CASH FROM OWNER AS AN INVESTMENT page 60 August 1. Received cash from owner as an investment, $5,000.00. Receipt No. 1. 1.Write the date in the Date column. 3.Write the title of the account credited. Write the credit amount. 4.Write the source document number in the Doc. No. column. 1 4 22 33

8. CENTURY 21 ACCOUNTING © Thomson/South-Western 8 LESSON 3-1 PAID CASH FOR SUPPLIES page 61 August 3. Paid cash for supplies, $275.00. Check No. 1. 1 4 22 1.Write the date in the Date column. 4.Write the source document number in the Doc. No. column. 3.Write the title of the account credited. Write the credit amount. 2.Write the title of the account debited. Write the debit amount. 33

9. CENTURY 21 ACCOUNTING © Thomson/South-Western 9 LESSON 3-1 TERMS REVIEW journal journalizing entry general journal double-entry accounting source document check invoice sales invoice receipt memorandum page 62

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

11. CENTURY 21 ACCOUNTING © Thomson/South-Western 11 LESSON 3-1 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.Write the title of the account debited. Write the debit amount. 3.Write the title of the account credited. Write the credit amount. 4.Write the source document number in the Doc. No. column. 1 4 22 33

12. CENTURY 21 ACCOUNTING © Thomson/South-Western 12 LESSON 3-1 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.Write the title of the account debited. Write the debit amount. 3.Write the title of the account credited. Write the credit amount. 4.Write the source document number in the Doc. No. column. 14 22 33

13. CENTURY 21 ACCOUNTING © Thomson/South-Western 13 LESSON 3-1 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.Write the title of the account debited. Write the debit amount. 3.Write the title of the account credited. Write the credit amount. 4.Write the source document number in the Doc. No. column. 14 22 33

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

15. CENTURY 21 ACCOUNTING © Thomson/South-Western 15 LESSON 3-1 RECEIVED CASH FROM SALES page 68 August 12. Received cash from sales, $295.00. Tape No. 12. 1.Write the date in the Date column. 2.Write the title of the account debited. Write the debit amount. 3.Write the title of the account credited. Write the credit amount. 4.Write the source document number in the Doc. No. column. 41 33 22

16. CENTURY 21 ACCOUNTING © Thomson/South-Western 16 LESSON 3-1 SOLD SERVICES ON ACCOUNT page 69 August 12. Sold services on account to Oakdale School, $350.00. Sales Invoice No. 1. 1.Write the date in the Date column. 2.Write the title of the account debited. Write the debit amount. 3.Write the title of the account credited. Write the credit amount. 4.Write the source document number in the Doc. No. column. 41 33 22

17. CENTURY 21 ACCOUNTING © Thomson/South-Western 17 LESSON 3-1 PAID CASH FOR AN EXPENSE page 70 August 12. Paid cash for rent, $300.00. Check No. 4. 1.Write the date in the Date column. 2.Write the title of the account debited. Write the debit amount. 3.Write the title of the account credited. Write the credit amount. 4.Write the source document number in the Doc. No. column. 41 33 22

18. CENTURY 21 ACCOUNTING © Thomson/South-Western 18 LESSON 3-1 RECEIVED CASH ON ACCOUNT page 71 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 title of the account debited. Write the debit amount. 3.Write the title of the account credited. Write the credit amount. 4.Write the source document number in the Doc. No. column. 41 33 22

19. CENTURY 21 ACCOUNTING © Thomson/South-Western 19 LESSON 3-1 PAID CASH TO OWNER FOR PERSONAL USE page 72 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 title of the account debited. Write the debit amount. 3.Write the title of the account credited. Write the credit amount. 4.Write the source document number in the Doc. No. column. 41 33 22

20. CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 3-4 Starting a New Journal Page

21. CENTURY 21 ACCOUNTING © Thomson/South-Western 21 LESSON 3-1 A COMPLETED JOURNAL PAGE page 74

22. CENTURY 21 ACCOUNTING © Thomson/South-Western 22 LESSON 3-1 STARTING A NEW GENERAL JOURNAL PAGE page 75 2

23. CENTURY 21 ACCOUNTING © Thomson/South-Western 23 LESSON 3-1 STANDARD ACCOUNTING PRACTICES page 76 1 3 4 6 2 5