1. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 4-1 Preparing a Chart of Accounts 1.Describe the two parts of an account number. 2.List the two steps for opening an account.

2. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning Competency: Understanding the Accounting Cycle for a Service Business 2 LESSON 4-1 Objectives : 42 Post general entries to the general ledger. 50 Summarize the progression from source documents to journals.

3. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning Chapter 4 Objectives Define accounting terms related to posting from a journal to a general ledger. Identify accounting concepts and practices related to posting from a journal to a general ledger. Prepare a chart of accounts for a service business organized as a proprietorship. Post separate amounts from a journal to a general ledger. Post column totals from a journal to a general ledger. Analyze and journalize correcting entries. 3 LESSON 4-1

4. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning Ledger – A group of accounts. General ledger – A ledger that contains all accounts needed to prepare financial statements. Account number – The number assigned to an account. File maintenance – The procedure for arranging accounts in a general ledger, assigning account numbers, and keeping records current. Opening an account – Writing an account title and number on the heading of an account. 4 LESSON 4-1

5. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning 5 LESSON 4-1 RELATIONSHIP OF A T ACCOUNT TO AN ACCOUNT FORM page 91 Balance columns

6. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning 6 LESSON 4-1 CHART OF ACCOUNTS page 92

7. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning 7 LESSON 4-1 ACCOUNT NUMBERS page 92

8. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning 8 LESSON 4-1 1.Write the account title. 2.Write the account number. OPENING AN ACCOUNT IN A GENERAL LEDGER page 94 12

9. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning 9 LESSON 4-1 TERMS REVIEW ledger general ledger account number file maintenance opening an account page 95 In your Chapter 4Terms Word Document and SaveAS Chapter4TermsYourName

10. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning Exit Ticket for Chapter 4-1 1.Describe the two parts of an account number. 2.List the two steps for opening an account. 10 LESSON 4-1 In a Word Document, SaveAS: Chapter4-1AYUYourName Drop a copy in my InBox today before you leave!

11. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning Chapter 4-1 Assignments Complete on Aplia Work Together 4-1 On Your Own 4-1 Application Problem 4-1 11 LESSON 4-1