1. CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 1-2 Journalizing and Posting Purchases and Purchases Returns NAME: ____________________ DATE: _____________PERIOD: ______

2. CENTURY 21 ACCOUNTING © Thomson/South-Western 2 LESSON 1-2 June 1. Purchased video equipment on account from Western Digital Systems, $845.00. Purchase Invoice No. 336. JOURNALIZING PURCHASES ON ACCOUNT 1.___________________. 4.__________________. 3.Record invoice number. 2.Write vendor name. page 13 2 2 3 3 4 44 1 1

3. CENTURY 21 ACCOUNTING © Thomson/South-Western 3 LESSON 1-2 1.________________________. 5.________________________ 4.Calculate new account balance. 3.__________________________. 2.Write journal page number. POSTING FROM A PURCHASES JOURNAL page 14 4 5 3 1 2

4. CENTURY 21 ACCOUNTING © Thomson/South-Western 4 LESSON 1-2 4._______________________________ 3.__________________________ 2.Write journal page number. POSTING THE TOTALS OF A PURCHASES JOURNAL page 15 1.Write the date. 5.Write account number. 3 4 1 2 5

5. CENTURY 21 ACCOUNTING © Thomson/South-Western 5 LESSON 1-2 2.Enter accounts to be debited. 3.Record debit memo number. JOURNALIZING PURCHASES RETURNS AND ALLOWANCES page 16 6 1 1 2 2 3 3 4 75 1._______________________ 4._______________________ 5.Write debit amount. 7._______________________ 6.Enter account to be credited.