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 Vocabulary Journal – 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 that is not headed with an account title 2 LESSON 3-1

3. CENTURY 21 ACCOUNTING © Thomson/South-Western Vocabulary Entry – information for each transaction recorded in a journal Double-entry accounting – the recording of debit and credit parts of a transaction 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 or services sold, the quantity and the price sales invoice – an invoice used as a source document for recording a sale on account 3 LESSON 3-1

4. CENTURY 21 ACCOUNTING © Thomson/South-Western Vocabulary Receipt – a business form giving written acknowledgement for cash received Memorandum – a form on which a brief message is written describing a transaction 4 LESSON 3-1

5. CENTURY 21 ACCOUNTING © Thomson/South-Western 5 LESSON 3-1 A FIVE-COLUMN JOURNAL page 57

6. CENTURY 21 ACCOUNTING © Thomson/South-Western 6 LESSON 3-1 CHECKS page 58

7. CENTURY 21 ACCOUNTING © Thomson/South-Western 7 LESSON 3-1 SALES INVOICES page 58

8. CENTURY 21 ACCOUNTING © Thomson/South-Western 8 LESSON 3-1 OTHER SOURCE DOCUMENTS page 59 memorandum calculator tape receipt

9. CENTURY 21 ACCOUNTING © Thomson/South-Western 9 LESSON 3-1 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. 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. 1 2 4 33

10. CENTURY 21 ACCOUNTING © Thomson/South-Western 10 LESSON 3-1 PAID CASH FOR SUPPLIES page 61 August 3. Paid cash for supplies, $275.00. Check 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 Cash Credit column. 4.Write the source document number in the Doc. No. column. 1 4 3 22

11. CENTURY 21 ACCOUNTING © Thomson/South-Western 11 LESSON 3-1 Chapter 3 -1 Assignments Audit Your Understanding 1- 3 On Your Own 3 – 1