1. Chapter 6.1 Recording Journal Entries 16 Enter the date Recording Journal Entries

2. Chapter 6.1 Recording Journal Entries 16 Date 9Nov.20—

3. Chapter 6.1 Recording Journal Entries 16 Step 2 9Nov.20— Enter the debit account(s)

4. Chapter 6.1 Recording Journal Entries 16 Enter Debit Accounts 9Nov.20— Supplies

5. Chapter 6.1 Recording Journal Entries 16 9Nov.20— Supplies Enter the debit amount(s) Step 3

6. Chapter 6.1 Recording Journal Entries 16 9Nov.20— Supplies 1 3 5 – Enter Debit Amounts

7. Chapter 6.1 Recording Journal Entries 16 9Nov.20— Supplies 1 3 5 – Indent and enter the credit account(s) Step 4

8. Chapter 6.1 Recording Journal Entries 16 9Nov.20— Supplies 1 3 5 – Bank Enter Credit Accounts

9. Chapter 6.1 Recording Journal Entries 16 9Nov.20— Supplies 1 3 5 – Bank Enter the credit amount(s) Step 5

10. Chapter 6.1 Recording Journal Entries 16 9Nov.20— Supplies 1 3 5 – Bank 1 3 5 – Enter Credit Amounts

11. Chapter 6.1 Recording Journal Entries 16 9Nov.20— Supplies 1 3 5 – Bank 1 3 5 – Write a brief explanation (at left margin) Step 6

12. Chapter 6.1 Recording Journal Entries 16 9Nov.20— Supplies 1 3 5 – Bank 1 3 5 – Letterhead and envelopes; cheque #40 Write Explanation

13. Chapter 6.1 Recording Journal Entries 16 9Nov.20— Supplies 1 3 5 – Bank 1 3 5 – Letterhead and envelopes; cheque #40 Skip a line and complete next entry Skip a line

14. Chapter 6.1 Recording Journal Entries 16 1 3 5 – 9Nov.20— Supplies 1 3 5 – Bank Letterhead and envelopes; cheque #40 12 Record the Next Entry

15. Chapter 6.1 Recording Journal Entries 16 9Nov.20— Supplies 1 3 5 – Bank 1 3 5 – Letterhead and envelopes; cheque #40 12 Equipment Record the Next Entry

16. Chapter 6.1 Recording Journal Entries 16 9Nov.20— Supplies 1 3 5 – Bank 1 3 5 – Letterhead and envelopes; cheque #40 12 Equipment 12 0 0 0 – Record the Next Entry

17. Chapter 6.1 Recording Journal Entries 16 9Nov.20— Supplies 1 3 5 – Bank 1 3 5 – Letterhead and envelopes; cheque #40 12 Equipment 12 0 0 0 – A/P—World Wide Fibre Optics Record the Next Entry

18. Chapter 6.1 Recording Journal Entries 16 9Nov.20— Supplies 1 3 5 – Bank 1 3 5 – Letterhead and envelopes; cheque #40 12 Equipment 12 0 0 0 – A/P—World Wide Fibre Optics 10 0 0 0 – Record the Next Entry

19. Chapter 6.1 Recording Journal Entries 16 9Nov.20— Supplies 1 3 5 – Bank 1 3 5 – Letterhead and envelopes; cheque #40 12 Equipment 12 0 0 0 – A/P—World Wide Fibre Optics 10 0 0 0 – Bank Record the Next Entry

20. Chapter 6.1 Recording Journal Entries 16 9Nov.20— Supplies 1 3 5 – Bank 1 3 5 – Letterhead and envelopes; cheque #40 12 Equipment 12 0 0 0 – A/P—World Wide Fibre Optics 10 0 0 0 – Bank 2 0 0 0 – Record the Next Entry

21. Chapter 6.1 Recording Journal Entries 16 9Nov.20— Supplies 1 3 5 – Bank 1 3 5 – Letterhead and envelopes; cheque #40 12 Equipment 12 0 0 0 – A/P—World Wide Fibre Optics 10 0 0 0 – Bank 2 0 0 0 – Network software installation; issued cheque #41 with the balance due in 30 days. Record the Next Entry

22. Chapter 6.1 Recording Journal Entries 16 Supplies 1 3 5 – Bank Letterhead and envelopes; cheque #40 12 Equipment A/P—World Wide Fibre Optics Network software installation; issued cheque #41 with the balance due in 30 days. 12 0 0 0 – Bank 10 0 0 0 – 2 0 0 0 – 1 3 5 – 9Nov.20— Journal Entry Facts

23. Chapter 6.1 Recording Journal Entries 16 Supplies 1 3 5 – Bank Letterhead and envelopes; cheque #40 12 Equipment A/P—World Wide Fibre Optics Network software installation; issued cheque #41 with the balance due in 30 days. 12 0 0 0 – Bank 10 0 0 0 – 2 0 0 0 – 1 3 5 – 9Nov. 20— Consecutive page numbers Page Numbers Journal Entry Facts

24. Chapter 6.1 Recording Journal Entries 16 Supplies 1 3 5 – Bank Letterhead and envelopes; cheque #40 12 Equipment A/P—World Wide Fibre Optics Network software installation; issued cheque #41 with the balance due in 30 days. 12 0 0 0 – Bank 10 0 0 0 – 2 0 0 0 – 1 3 5 – 9Nov. 20— Each journal entry balances Balanced Entries Journal Entry Facts

25. Chapter 6.1 Recording Journal Entries 16 Supplies 1 3 5 – Bank Letterhead and envelopes; cheque #40 12 Equipment A/P—World Wide Fibre Optics Network software installation; issued cheque #41 with the balance due in 30 days. 12 0 0 0 – Bank 10 0 0 0 – 2 0 0 0 – 1 3 5 – 9Nov.20— A “compound entry” affects more than two accounts Compound Entries Journal Entry Facts

26. Chapter 6.1 Recording Journal Entries 16 Supplies 1 3 5 – Bank Letterhead and envelopes; cheque #40 12 Equipment A/P—World Wide Fibre Optics Network software installation; issued cheque #41 with the balance due in 30 days. 12 0 0 0 – Bank 10 0 0 0 – 2 0 0 0 – 1 3 5 – 9Nov. 20— Account titles are capitalized Account Titles Journal Entry Facts

27. Chapter 6.1 Recording Journal Entries 16 Amounts in the opening journal entry are the same as amounts on the opening balance sheet Bank Supplies Equipment Bank Loan Opening financial position of Shirley Cassar 19 5 5 0 – Shirley Cassar, Capital 10 0 0 0 – 1 4 0 0 – 30Oct.20— Automobile 22 0 9 0 – 8 7 1 5 – 2 4 2 5 – The Opening Entry