1. CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 2-1 NAME: _______________ PERIOD: ______ Departmental Sales on Account and Sales Returns and Allowances

2. CENTURY 21 ACCOUNTING © Thomson/South-Western 2 LESSON 2-1 June 1. Sold audio equipment on account to Kim Electronics, $280.00, plus sales tax, $23.10; total, $303.10. Sales Invoice No. 101. 1.Write the date. 5.Write the sales tax payable amount. 4.______________________________ 3.Write the sales invoice number. 2.____________________________ 6.____________________________ JOURNALIZING SALES ON ACCOUNT page 37 123456

3. CENTURY 21 ACCOUNTING © Thomson/South-Western 3 LESSON 2-1 4.____________________________________ 3.Enter amount in Debit column. 2._________________________________ 1.Write date. 5.Write customer number in Post. Ref. column of sales journal. POSTING FROM A SALES JOURNAL TO THE ACCOUNTS RECEIVABLE LEDGER page 38 1 2 3 4 5

4. CENTURY 21 ACCOUNTING © Thomson/South-Western 4 LESSON 2-1 3.Enter debit amount. 2.Write ____________________. 4.__________________________1.Write date. 5.Write general ledger account number in parentheses. POSTING FROM A SALES JOURNAL TO A GENERAL LEDGER ACCOUNT page 39 1 3 4 5 2

5. CENTURY 21 ACCOUNTING © Thomson/South-Western 5 LESSON 2-1 June 5. Granted credit to Kim Electronics for audio equipment returned, $130, plus sales tax, $10.73, from Sales Invoice No. 101; total, $140.73. Credit Memo No. 43. JOURNALIZING SALES RETURNS AND ALLOWANCES page 40 3.Record credit memo number. 4.Write debit amounts. 1.Write date. 2.________________________ 5.____________________________. 6._______________________________ 2 3 4 5 6 7.Write credit amount. 1 7

6. CENTURY 21 ACCOUNTING © Thomson/South-Western 6 LESSON 2-1 POSTING FROM GENERAL JOURNAL page 41 2.______________ ______________ 1.Date 5.______________ 3.Debit amounts 4.Credit amount 1 1 1 1 1 2 2 2 2 2 3 3 3 4 4 4 5 5 5 5 5