century 21 accounting © 2009 south-western, cengage learning lesson 3-1 journals, source documents,...
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CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
LESSON 3-1LESSON 3-1
Journals, Source Documents, and Recording Entries in a Journal
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
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LESSON 3-1
A GENERAL JOURNALA GENERAL JOURNAL page 57
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
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LESSON 3-1
CHECKSCHECKS page 58
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
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LESSON 3-1
SALES INVOICESSALES INVOICES page 58
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
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LESSON 3-1
OTHER SOURCE DOCUMENTSOTHER SOURCE DOCUMENTS page 59
memorandummemorandum
calculator tapecalculator tape
receiptreceipt
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
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LESSON 3-1
2. Write the title of the account debited. Write the debit amount.
RECEIVED CASH FROM OWNER AS AN RECEIVED CASH FROM OWNER AS AN INVESTMENTINVESTMENT page 60
August 1. Received cash from owner as an investment, $5,000.00. Receipt No. 1.
1. Write the date in the Date column.
3. Write the title of the account credited. Write the credit amount.
4. Write the source document number in the Doc. No. column.
1144
22 2233 33
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
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LESSON 3-1
PAID CASH FOR SUPPLIESPAID CASH FOR SUPPLIES page 61
August 3. Paid cash for supplies, $275.00. Check No. 1.
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1. Write the date in the Date column.
4. Write the source document number in the Doc. No. column.
3. Write the title of the account credited. Write the credit amount.
2. Write the title of the account debited. Write the debit amount.
33 33
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
LESSON 3-2LESSON 3-2
Journalizing Buying Insurance, Buying on Account, and Paying on Account
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
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LESSON 3-2
PAID CASH FOR INSURANCEPAID CASH FOR INSURANCE page 63
August 4. Paid cash for insurance, $1,200.00. Check No. 2.
1. Write the date in the Date column.
2. Write the title of the account debited. Write the debit amount.
3. Write the title of the account credited. Write the credit amount.
4. Write the source document number in the Doc. No. column.
1144
22223333
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
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LESSON 3-2
BOUGHT SUPPLIES ON ACCOUNTBOUGHT SUPPLIES ON ACCOUNT page 64
August 7. Bought supplies on account from Supply Depot, $500.00. Memorandum No. 1.
1. Write the date in the Date column.
2. Write the title of the account debited. Write the debit amount.
3. Write the title of the account credited. Write the credit amount.
4. Write the source document number in the Doc. No. column.
11 442222
3333
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
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LESSON 3-2
PAID CASH ON ACCOUNTPAID CASH ON ACCOUNT page 65
August 11. Paid cash on account to Supply Depot, $300.00. Check No. 3.
1. Write the date in the Date column.
2. Write the title of the account debited. Write the debit amount.
3. Write the title of the account credited. Write the credit amount.
4. Write the source document number in the Doc. No. column.
11 442222
3333
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
LESSON 3-3LESSON 3-3
Journalizing Transactions That Affect Owner’s Equity and Receiving Cash on Account
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
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LESSON 3-3
RECEIVED CASH FROM SALESRECEIVED CASH FROM SALES page 68
August 12. Received cash from sales, $295.00. Tape No. 12.
1. Write the date in the Date column.
2. Write the title of the account debited. Write the debit amount.
3. Write the title of the account credited. Write the credit amount.
4. Write the source document number in the Doc. No. column.
44113333
2222
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
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LESSON 3-3
SOLD SERVICES ON ACCOUNTSOLD SERVICES ON ACCOUNT page 69
August 12. Sold services on account to Oakdale School, $350.00. Sales Invoice No. 1.
1. Write the date in the Date column.
2. Write the title of the account debited. Write the debit amount.
3. Write the title of the account credited. Write the credit amount.
4. Write the source document number in the Doc. No. column.
44113333
2222
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
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LESSON 3-3
PAID CASH FOR AN EXPENSEPAID CASH FOR AN EXPENSE page 70
August 12. Paid cash for rent, $300.00. Check No. 4.
1. Write the date in the Date column.
2. Write the title of the account debited. Write the debit amount.
3. Write the title of the account credited. Write the credit amount.
4. Write the source document number in the Doc. No. column.
44113333
2222
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
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LESSON 3-3
RECEIVED CASH ON ACCOUNTRECEIVED CASH ON ACCOUNT page 71
August 18. Received cash on account from Oakdale School, $200.00. Receipt No. 2.
1. Write the date in the Date column.
2. Write the title of the account debited. Write the debit amount.
3. Write the title of the account credited. Write the credit amount.
4. Write the source document number in the Doc. No. column.
4411
3333
2222
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
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LESSON 3-3
PAID CASH TO OWNER FOR PAID CASH TO OWNER FOR PERSONAL USEPERSONAL USE page 72
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 title of the account debited. Write the debit amount.
3. Write the title of the account credited. Write the credit amount.
4. Write the source document number in the Doc. No. column.
44113333
2222
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
LESSON 3-4LESSON 3-4
Starting a New Journal Page
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
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LESSON 3-4
A COMPLETED JOURNAL PAGEA COMPLETED JOURNAL PAGE page 74
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
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LESSON 3-4
STARTING A NEW GENERAL STARTING A NEW GENERAL JOURNAL PAGEJOURNAL PAGE page 75
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CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
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LESSON 3-4
STANDARD ACCOUNTING PRACTICESSTANDARD ACCOUNTING PRACTICES page 76
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CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
CHAPTER SUMMARYCHAPTER SUMMARY
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LESSON 3-1