1. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning Chapter 5 Journals, Source Documents, and Recording Entries in a Journal

2. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning 2 A FIVE-COLUMN JOURNAL

3. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning 3 CHECKS

4. 4 OTHER SOURCE DOCUMENTS memorandum calculator tape receipt

5. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning 5 RECEIVED CASH FROM OWNER AS AN INVESTMENT August 1. Received cash from owner as an investment, $5,000.00. Receipt No. 1. 1.Write the date in the Date column. 2.Write the debit amount in the Cash Debit column. 3.Record the credit amount in the General Credit column. Write the title of the account in the Account Title column. 4.Write the source document number in the Doc. No. column. 1 2 4 33

6. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning 6 PAID CASH FOR SUPPLIES page 61 August 3. Paid cash for supplies, $275.00. Check No. 1. 1.Write the date in the Date column. 2.Record the debit amount in the General Debit column. Write the title of the account in the Account Title column. 3.Write the credit amount in the Cash Credit column. 4.Write the source document number in the Doc. No. column. 1 4 3 22

7. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning Journalizing Buying Insurance, Buying on Account, and Paying on Account

8. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning 8 PAID CASH FOR INSURANCE August 4. Paid cash for insurance, $1,200.00. Check No. 2. 1.Write the date in the Date column. 2.Record the debit amount in the General Debit column. Write the title of the account in the Account Title column. 3.Write the credit amount in the Cash Credit column. 4. Write the source document number in the Doc. No. column. 1 4 3 22

9. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning 9 BOUGHT SUPPLIES ON ACCOUNT August 7. Bought supplies on account from Supply Depot, $500.00. Memorandum No. 1. 1.Write the date in the Date column. 2.Record the debit amount in the General Debit column. Write the title of the account in the Account Title column. 3.Record the credit amount on the next line in the General Credit column. Write the title of the account in the Account Title column. 4.Write the source document number in the Doc. No. column on the first line of the entry. 1 4 22 33

10. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning 10 PAID CASH ON ACCOUNT August 11. Paid cash on account to Supply Depot, $300.00. Check No. 3. 1.Write the date in the Date column. 2.Record the debit amount in the General Debit column. Write the title of the account in the Account Title column. 3.Write the credit amount in the Cash Credit column. 4.Write the source document number in the Doc. No. column. 4 3 2 2 1

11. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning Journalizing Transactions That Affect Owner’s Equity and Receiving Cash on Account

12. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning 12 RECEIVED CASH FROM SALES August 12. Received cash from sales, $295.00. Tape No. 12. 1.Write the date in the Date column. 2.Write the debit amount in the Cash Debit column. 3.Write the credit amount in the Sales Credit column. Place a check mark in the Account Title column. A check mark is also placed in the Post. Ref. column. 4.Write the source document number in the Doc. No. column. 4 21 333

13. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning 13 PAID CASH FOR AN EXPENSE August 12. Paid cash for rent, $300.00. Check No. 4. 1.Write the date in the Date column. 2.Write the debit amount in the General Debit column. Write the title of the account in the Account Title column. 3.Write the credit amount in the Cash Credit column. 4.Write the source document number in the Doc. No. column. 41 3 22

14. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning 14 PAID CASH TO OWNER FOR PERSONAL USE August 18. Paid cash to owner for personal use, $125.00. Check No. 6. 1.Write the date in the Date column. 2.Write the debit amount in the General Debit column. Write the title of the account in the Account Title column. 3.Write the credit amount in the Cash Credit column. 4.Write the source document number in the Doc. No. column. 41 3 22

15. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning Proving and Ruling a Journal

16. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning 16 RULING A JOURNAL PAGE 5.Rule double lines. 1 23 5 4 1.Rule a single line. 2.Write the date. 3.Write Carried Forward. 4.Write each column total.

17. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning 17 PROVING A JOURNAL PAGE 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

18. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning 18 STARTING A NEW JOURNAL PAGE 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

19. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning 19 PROVING AND RULING A JOURNAL AT THE END OF A MONTH 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.

20. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning 20 STANDARD ACCOUNTING PRACTICES 1 2 3 45 67 8 9