CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 2-2 Analyzing How Transactions Affect Accounts.

Slides:

Advertisements

Similar presentations

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 2-1 Using T Accounts.

Advertisements

LESSON 1-2 How Business Activities Change the Accounting Equation

Chapter 3 - Journals, Source Documents, and Recording Entries in a Journal Hand out Notes Sheet!!! LESSON 3-1.

Journals, Source Documents, and Recording Entries in a Journal

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 3-1 Journals, Source Documents, and Recording Entries in a Journal.

Using T Accounts / Analyzing the Accounting Equation

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 3-1 How do you record business transactions in a journal and provide objective evidence.

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 2-1 Focus questions: What is a debit, credit, and T Account? How do these terms relate.

Learning Objectives © 2014 Cengage Learning. All Rights Reserved. LO4 Restate and apply the four questions necessary to analyze transactions for starting.

© South-Western Educational Publishing RECEIVED CASH FROM OWNER AS AN INVESTMENT Lesson 3-2, page 45 August 1. Received cash from owner as an investment,

Accounting. How Business Activities affect the Account Equation transaction - a business activity that changes assets, liabilities, and owners equity.

Review: What is the left side of the Accounting Equation called? Assets What is the right side of the Accounting Equation called? Equities: Liabilities.

CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 2-2 Analyzing How Transactions Affect Accounts.

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 1-2 How Business Activities Change the Accounting Equation Classifying accounts.

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 3-2 Journalizing Buying Insurance, Buying on Account, and Paying on Account 1.Journalize.

CENTURY 21 ACCOUNTING © Thomson/South-Western 1 LESSON 1-2 Lesson 1-1 THE ACCOUNTING EQUATION page 8.

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 1-1 The Accounting Equation.

LESSON 2-1 Using T Accounts

© 2000 South-Western Educational Publishing PAID CASH FOR INSURANCE Lesson 4-2, page 72 August 4. Paid cash for insurance, $1, Check No Which.

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 2-1 Using T Accounts.

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 2-2 Analyzing How Transactions Affect Accounts Identify the steps for analyzing a transaction.

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 1-2 How Business Activities Change the Accounting Equation.

CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 1-2 How Business Activities Change the Accounting Equation.

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning Chapter 2 Objectives: Define accounting terms related to analyzing transactions into debit.

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning Chapter 5 Journals, Source Documents, and Recording Entries in a Journal.

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 1-2 How Business Activities Change the Accounting Equation.

Analyzing Transactions into debit and credit parts Chapter 3.

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 2-3 Analyzing How Transactions Affect Owner’s Equity Accounts Analyze transactions.

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 3-1 Journals, Source Documents, and Recording Entries in a Journal Slides are on the.

CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 2-3 Analyzing How Transactions Affect Owner’s Equity Accounts.

CENTURY 21 ACCOUNTING © Thomson/South-Western 1 LESSON 2-1 ANALYZING THE ACCOUNTING EQUATION - Using T Accounts page 28.

CHAPTER 2 Analyzing Transactions into Debit and Credit Parts.

© South-Western Educational Publishing ESTABLISHING A PETTY CASH FUND August 17. Paid cash to establish a petty cash fund, $ Check No Which.

© 2000 South-Western Educational Publishing A FIVE-COLUMN JOURNAL Using a Journal To help save time and become more efficient, businesses use a Special.

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 3-1 Journals, Source Documents, and Recording Entries in a Journal.

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning 1 LESSON 1-1 General Ledger Chart of Accounts – refer to it often (CofA) Acc’t for simplest.

Using T Accounts / Analyzing the Accounting Equation

LESSON 2-1 Using T Accounts

The 4 Questions You Must Ask When Analyzing a Transaction…

© 2014 Cengage Learning. All Rights Reserved.

LESSON 2-2 Analyzing How Transactions Affect Accounts

© 2014 Cengage Learning. All Rights Reserved.

LESSON 1-2 How Business Activities Change the Accounting Equation

Lesson 1-1 The Accounting Equation

LESSON 1-2 How Business Activities Change the Accounting Equation

Lesson 1-1 The Accounting Equation

RECEIVING CASH Transaction 1 August 1. Received cash from owner as an investment, $10, Lesson 1-2, page 9.

LESSON 1-2 How Business Activities Change the Accounting Equation

© 2014 Cengage Learning. All Rights Reserved.

LESSON 2-1 Using T Accounts

LESSON 2-1 Using T Accounts

RECEIVING CASH Transaction 1 August 1. Received cash from owner an an investment, $10, Lesson 1-2, page 9.

Lesson 01-2 (GJ) RECEIVING CASH

Analyzing Transactions into Debit and Credit Parts

LESSON 2-1 Using T Accounts

LESSON 2-1 Using T Accounts

LESSON 1-2 How Business Activities Change the Accounting Equation

Lesson 1-1 The Accounting Equation

Lesson 1-1 The Accounting Equation

LESSON 2-2 Analyzing How Transactions Affect Accounts

Journals, Source Documents, and Recording Entries in a Journal

© 2014 Cengage Learning. All Rights Reserved.

LESSON 2-1 Using T Accounts

LESSON 2-3 Analyzing How Transactions Affect Owner’s Equity Accounts

LESSON 2-3 Analyzing How Transactions Affect Owner’s Equity Accounts

LESSON 3-2 5/24/2019 LESSON 3-2 Journalizing Buying Insurance, Buying on Account, and Paying on Account GREEN.

LESSON 2-1 Using T Accounts

LESSON 2-3 Analyzing How Transactions Affect Owner’s Equity Accounts

PAID CASH FOR INSURANCE

Presentation transcript:

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 2-2 Analyzing How Transactions Affect Accounts

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning Notes Chart of Accounts Listing of all account titles and account numbers used by a business Questions to ask when analyzing a transaction Which accounts are affected? What is the classification of each account? How is each classification changed? (increase or decrease) How is each amount entered? (Debit…Credit) 2 LESSON 2-2

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning 3 LESSON 2-2 RECEIVED CASH FROM OWNER AS AN INVESTMENT 2. How is each account classified? 3. How is each classification changed? 4. How is each amount entered in the accounts? August 1. Received cash from owner as an investment, $5, page Which accounts are affected?

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning 4 LESSON 2-2 PAID CASH FOR SUPPLIES 2. How is each account classified? 3. How is each classification changed? 4. How is each amount entered in the accounts? August 3. Paid cash for supplies, $ page Which accounts are affected?

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning 5 LESSON Which accounts are affected? PAID CASH FOR INSURANCE 2. How is each account classified? 3. How is each classification changed? 4. How is each amount entered in the accounts? August 4. Paid cash for insurance, $1, page 34

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning 6 LESSON 2-2 BOUGHT SUPPLIES ON ACCOUNT page 35 August 7. Bought supplies on account from Supply Depot, $ Which accounts are affected? 2. How is each account classified? 3. How is each classification changed? 4. How is each amount entered in the accounts?

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning 7 LESSON 2-2 PAID CASH ON ACCOUNT page 36 August 11. Paid cash on account to Supply Depot, $ Which accounts are affected? 2. How is each account classified? 3. How is each classification changed? 4. How is each amount entered in the accounts?

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning 8 LESSON 2-2 TERM REVIEW chart of accounts page 37