1. CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 4-1 Preparing a Chart of Accounts

2. CENTURY 21 ACCOUNTING © Thomson/South-Western 2 LESSON 4-1 CHART OF ACCOUNTS page 92

3. CENTURY 21 ACCOUNTING © Thomson/South-Western 3 LESSON 4-1 ACCOUNT NUMBERS page 92 ASSETS 100s LIABILITIES 200s OWNER’S EQUITY 300s REVENUE 400s EXPENSES 500s

4. CENTURY 21 ACCOUNTING © Thomson/South-Western 4 LESSON 4-1 ACCOUNT NUMBERS page 92

5. CENTURY 21 ACCOUNTING © Thomson/South-Western 5 LESSON 4-1 ACCOUNT NUMBERS page 92 Accounts Payable – Sherer Supplies Accounts Payable – Tyler Link Accounts Payable – Mid City Supplies

6. CENTURY 21 ACCOUNTING © Thomson/South-Western 6 LESSON 4-1 ACCOUNT NUMBERS page 92 Cash Prepaid Insurance Supplies Accounts Receivable – Megan Alvarez

7. CENTURY 21 ACCOUNTING © Thomson/South-Western 7 LESSON 4-1 ACCOUNT NUMBERS page 92 Miscellaneous Expense Insurance Expense Supplies Expense Automobile Expense Rent Expense

8. CENTURY 21 ACCOUNTING © Thomson/South-Western 8 LESSON 4-1 ACCOUNT NUMBERS page 92 Clara Ross, Drawing Clara Ross, Capital Sales

9. CENTURY 21 ACCOUNTING © Thomson/South-Western 9 LESSON 4-1 1.Write the account title after the word Account in the heading. 2.Write the account number after the words Account No. in the heading. OPENING AN ACCOUNT IN A GENERAL LEDGER page 94 12

10. CENTURY 21 ACCOUNTING © Thomson/South-Western 10 LESSON 4-1 TERMS REVIEW ledger general ledger account number file maintenance opening an account page 95