1. © South-Western Educational Publishing Lesson 1-2, page 13 JOURNALIZING PURCHASES ON ACCOUNT June 1. Purchased tennis equipment on account from Tennis Warehouse, $845.00. Purchase Invoice No. 336. TENNIS WAREHOUSE 976 CENTURY BLVD CUBLIN, CA 94565-1101 SOLD TO MasterSport 4750 Appian Way San Jose, CA 95125-0210 TERMS 2/10, n30 DATE May 29, 20-- OUR ORDER NO. 98-117 CUSTOMER’ ORDER NO. 336 SHIP VIA TRUCK GRX1 RG TAPE Graphite racquet Ready-Grip Tape Total Invoice 60.00 24.50 600.00 245.00 845.00 10 ea. 10 dz. STOCK NO.DESCRIPTIONUNIT PRICEQUANITY TOTAL AMOUNT TENNIS DEPT. Approved D.P. 6/1/20-- 1 2 3 4 5 1.Write approval date. 5.Write invoice amount. 4.Write invoice amount. 3.Record invoice number. 2.Write vendor name.

2. © South-Western Educational Publishing Lesson 1-2, page 14 POSTING FROM A PURCHASES JOURNAL 2 3 5 4 1 1.Write the date. 5.Write vendor number. 4.Calculate new account balance. 3.Record credit amount. 2.Write journal page number.

3. © South-Western Educational Publishing Lesson 1-2, page 15 POSTING THE TOTALS OF A PURCHASES JOURNAL 5 1 3 4 2 1.Write the date. 5.Write account number (in parentheses). 4.Calculate new account balance. 3.Write column total. 2.Write journal page number.

4. © South-Western Educational Publishing Lesson 1-2, page 15 PURCHASES JOURNAL WITH POSTING COMPLETED

5. © South-Western Educational Publishing Lesson 1-2, page 17 JOURNALIZING A DEBIT MEMORANDUM 1.Write the date. 5.Write the amount. 4.Write the amount. 3.Record debit memo number. 2.Enter vendor name. 5 1 2 June 3. Returned tennis equipment to Key Tennis Company, $54.50, from Purchase Invoice No 333. Debit Memorandum No 22. 3 4

6. © South-Western Educational Publishing Lesson 1-2, page 18 POSTING FROM A PURCHASES RETURNS AND ALLOWANCES JOURNAL

7. © South-Western Educational Publishing T ERMS REVIEW departmental accounting system merchandising business posting debit memorandum contra account contra balance Lesson 1-2, page 19