CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 24-1 Recording International Sales.

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CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 24-1 Recording International Sales

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning 2 LESSON 24-1 JOURNALIZING AN INTERNATIONAL SALE page 706 April 1. Recorded international cash sale, $5, Memorandum Write the date. 2.Place a check mark. 3.Write the source document number. 4.Place a check mark in the Post. Ref. column. 5.Write the sale amount in the Sales Credit column. 6.Write the sale amount in the Cash Debit column.

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning 3 LESSON 24-1 JOURNALIZING TIME DRAFTS page 707 May 10. Received a 60-day, time draft from Simov Co. for an international sale, $6, Time Draft No Sale amount debit1.Date 2.Account debited 6.Sale amount credit3.Time draft number 5.Account credited

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning 4 LESSON 24-1 JOURNALIZING CASH RECEIPTS FROM TIME DRAFTS page 708 July 9. Received cash for the value of Time Draft No. 12, $6, Receipt No Amount received debit 4.Amount received credit 3.Receipt number 2.Account title 1.Date

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning 5 LESSON 24-1 TERMS REVIEW exports imports contract of sale letter of credit bill of lading commercial invoice draft sight draft time draft trade acceptance page 709

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 24-2 Recording Internet Sales

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning 7 LESSON 24-2 JOURNALIZING AN INTERNET SALE page 711 May 1. Recorded Internet credit card sales, $ Terminal Summary Write the date. 6.Write the sale amount debit. 2.Place a check mark in the Account Title column. 3.Write the source document number. 4.Place a check mark in the Post. Ref. column. 5.Write the sale amount credit.