1. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 24-1 Recording International Sales

2. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning 2 LESSON 24-1 JOURNALIZING AN INTERNATIONAL SALE 1 2 3 4 56 page 706 April 1. Recorded international cash sale, $5,000.00. Memorandum 45. 1.Write the date. 2.Place a check mark. 3.Write the source document number. 4.Place a check mark in the Post. Ref. column. 5.Write the sale amount in the Sales Credit column. 6.Write the sale amount in the Cash Debit column.

3. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning 3 LESSON 24-1 JOURNALIZING TIME DRAFTS 1 2 3 4 56 page 707 May 10. Received a 60-day, time draft from Simov Co. for an international sale, $6,000.00. Time Draft No. 12. 4.Sale amount debit1.Date 2.Account debited 6.Sale amount credit3.Time draft number 5.Account credited

4. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning 4 LESSON 24-1 JOURNALIZING CASH RECEIPTS FROM TIME DRAFTS 12345 page 708 July 9. Received cash for the value of Time Draft No. 12, $6,000.00. Receipt No. 465. 5.Amount received debit 4.Amount received credit 3.Receipt number 2.Account title 1.Date

5. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning 5 LESSON 24-1 TERMS REVIEW exports imports contract of sale letter of credit bill of lading commercial invoice draft sight draft time draft trade acceptance page 709

6. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 24-2 Recording Internet Sales

7. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning 7 LESSON 24-2 JOURNALIZING AN INTERNET SALE 1 2 3 4 56 page 711 May 1. Recorded Internet credit card sales, $891.00. Terminal Summary 45. 1.Write the date. 6.Write the sale amount debit. 2.Place a check mark in the Account Title column. 3.Write the source document number. 4.Place a check mark in the Post. Ref. column. 5.Write the sale amount credit.