Journals, Source Documents, and Recording Entries in a Journal LESSON 3-1 11/14/2018 LESSON 3-1 Journals, Source Documents, and Recording Entries in a Journal GREEN

TERMS REVIEW page 62 Journal A form of recording transactions in chronological order Journalizing Recording transactions in a journal Entry Information for each transaction recorded in a journal LESSON 3-1

TERMS REVIEW General Journal page 62 General Journal A journal with two amount columns in which all kinds of entries can be recorded 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 LESSON 3-1

TERMS REVIEW page 62 Check A business form ordering a bank to pay cash from a bank account Invoice A form describing the goods and services sold, the quantity, and the price Sales Invoice An invoice used as a source document for recording a sale on account LESSON 3-1

TERMS REVIEW page 62 Receipt A business form giving written acknowledgement for cash received Memorandum A form on which a brief message is written describing a transaction LESSON 3-1

A GENERAL JOURNAL page 57 LESSON 3-1

CHECKS page 58 LESSON 3-1

SALES INVOICES page 58 LESSON 3-1

OTHER SOURCE DOCUMENTS LESSON 3-1 11/14/2018 OTHER SOURCE DOCUMENTS page 59 receipt calculator tape memorandum LESSON 3-1 GREEN

RECEIVED CASH FROM OWNER AS AN INVESTMENT page 60 August 1. Received cash from owner as an investment, $5,000.00. Receipt No. 1. 2 1 3 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. LESSON 3-1

PAID CASH FOR SUPPLIES page 61 August 3. Paid cash for supplies, $275.00. Check No. 1. 2 1 3 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. LESSON 3-1

LESSON 3-2 11/14/2018 LESSON 3-2 Journalizing Buying Insurance, Buying on Account, and Paying on Account GREEN

PAID CASH FOR INSURANCE page 63 August 4. Paid cash for insurance, $1,200.00. Check No. 2. 1 2 3 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. LESSON 3-2

BOUGHT SUPPLIES ON ACCOUNT page 64 August 7. Bought supplies on account from Supply Depot, $500.00. Memorandum No. 1. 2 1 4 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. LESSON 3-2

PAID CASH ON ACCOUNT page 65 August 11. Paid cash on account to Supply Depot, $300.00. Check No. 3. 2 1 4 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. LESSON 3-2

LESSON 3-3 11/14/2018 LESSON 3-3 Journalizing Transactions That Affect Owner’s Equity and Receiving Cash on Account Green

RECEIVED CASH FROM SALES page 68 August 12. Received cash from sales, $295.00. Tape No. 12. 2 1 4 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. LESSON 3-3

SOLD SERVICES ON ACCOUNT page 69 August 12. Sold services on account to Oakdale School, $350.00. Sales Invoice No. 1. 2 1 4 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. LESSON 3-3

PAID CASH FOR AN EXPENSE page 70 August 12. Paid cash for rent, $300.00. Check No. 4. 2 1 4 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. LESSON 3-3

RECEIVED CASH ON ACCOUNT page 71 August 18. Received cash on account from Oakdale School, $200.00. Receipt No. 2. 2 1 4 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. LESSON 3-3

PAID CASH TO OWNER FOR PERSONAL USE page 72 August 18. Paid cash to owner for personal use, $125.00. Check No. 6. 2 1 4 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. LESSON 3-3

LESSONG 3-4 Starting a New Journal Page 11/14/2018 LESSON 3-4 Starting a New Journal Page GREEN

A COMPLETED JOURNAL PAGE LESSON 3-4

STARTING A NEW GENERAL JOURNAL PAGE 2 LESSON 3-4

STANDARD ACCOUNTING PRACTICES page 76 4 2 6 3 1 5 LESSON 3-4