1. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 3-4 Proving and Ruling a Journal 1.List the three steps for proving a journal. 2.State the formula for proving cash. 3.List the five steps to rule a journal at the end of a month.

2. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning Competency: Understanding the Accounting Cycle for a Service Business 2 LESSON 3-4 Objectives : 36 Use source documents to journalize transactions. 38 Prepare customer invoices for a service business.

3. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning Chapter 3 Objectives Define accounting terms related to journalizing transactions. Identify accounting concepts and practices related to journalizing transactions. Record transactions to set up a business in a five-column journal. Record transactions to buy insurance for cash and supplies on account in a five-column journal. Record transactions that affect owner’s equity and receiving cash on account in a five-column journal. Prove and rule a five-column journal and prove cash. 3 LESSON 3-4

4. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning 4 LESSON 3-4 PROVING A JOURNAL PAGE page 73 1.Add each of the amount columns. 2.Add the debit column totals, and then add the credit column totals. 3.Verify that the total debits and total credits are equal. 1 22 3

5. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning 5 LESSON 3-4 RULING A JOURNAL PAGE 5.Rule double lines. page 74 1 23 5 4 1.Rule a single line. 2.Write the date. 3.Write Carried Forward. 4.Write each column total.

6. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning 6 LESSON 3-4 STARTING A NEW JOURNAL PAGE page 75 1 2 4 1.Write the page number. 2.Write the date. 3.Write Brought Forward in the Account Title column. A check mark is also placed in the Post. Ref. column. 4.Record the column totals brought forward from the previous page. 3

7. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning 7 LESSON 3-4 PROVING AND RULING A JOURNAL AT THE END OF A MONTH page 75 5.Rule double lines. 1 23 5 4 1.Rule a single line. 2.On the next line, write the date. 3.Write the word Totals. 4.Write each column total.

8. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning 8 LESSON 3-4 STANDARD ACCOUNTING PRACTICES page 77 1 2 3 45 67 8 9

9. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning 9 LESSON 3-4 DEFINE TERM REVIEW proving cash page 78 In your Chapter 3Terms Word Document, resave, and drop a copy in my Inbox.

10. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning Exit Ticket for Chapter 3-4 1.List the three steps for proving a journal. 2.State the formula for proving cash. 3.List the five steps to rule a journal at the end of a month. 10 LESSON 3-4 In a Word Document, SaveAS: Chapter3-4AYUYourName Drop a copy in my InBox today before you leave!

11. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning Chapter 3-4 Assignments Complete on Aplia Work Together 3-4 On Your Own 3-4 Application Problem 3-4 Application Problem 3-5 11 LESSON 3-4