CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 3-2 Journalizing Buying Insurance, Buying on...
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CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 3-2 LESSON 3-2 Journalizing Buying Insurance, Buying on Account, and Paying on Account
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Transcript of CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 3-2 Journalizing Buying Insurance, Buying on...
CENTURY 21 ACCOUNTING © Thomson/South-Western
LESSON 3-2LESSON 3-2
Journalizing Buying Insurance, Buying on Account, and Paying on Account
CENTURY 21 ACCOUNTING © Thomson/South-Western
2
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. 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.
1144
332222
CENTURY 21 ACCOUNTING © Thomson/South-Western
3
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. 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.
11 44 2222
3333
CENTURY 21 ACCOUNTING © Thomson/South-Western
4
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. 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.
443322
2211
CENTURY 21 ACCOUNTING © Thomson/South-Western
3 – 2 Assignment 3 – 2 Assignment
Audit Your Understanding page 66 ~ questions 1 – 3 On Your Own page 66
5
LESSON 3-2
CENTURY 21 ACCOUNTING © Thomson/South-Western
LESSON 3-3LESSON 3-3
Journalizing Transactions That Affect Owner’s Equity and Receiving Cash on Account
CENTURY 21 ACCOUNTING © Thomson/South-Western
7
LESSON 3-3
RECEIVED CASH FROM SALESRECEIVED CASH FROM SALES page 67
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.
44 2211 3333 33
CENTURY 21 ACCOUNTING © Thomson/South-Western
8
LESSON 3-3
SOLD SERVICES ON ACCOUNTSOLD SERVICES ON ACCOUNT page 68
August 12. Sold services on account to Oakdale School, $350.00. Sales Invoice 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 Sales Credit column.
4. Write the source document number in the Doc. No. column.
4411 332222
CENTURY 21 ACCOUNTING © Thomson/South-Western
9
LESSON 3-3
PAID CASH FOR AN EXPENSEPAID CASH FOR AN EXPENSE page 69
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.
4411 332222
CENTURY 21 ACCOUNTING © Thomson/South-Western
10
LESSON 3-3
RECEIVED CASH ON ACCOUNTRECEIVED CASH ON ACCOUNT page 70
August 12. Received cash on account from Oakdale School, $200.00. Receipt No. 2.
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.
11 2244
3333
CENTURY 21 ACCOUNTING © Thomson/South-Western
11
LESSON 3-3
PAID CASH TO OWNER FOR PAID CASH TO OWNER FOR PERSONAL USEPERSONAL USE page 71
August 12. 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.
4411 332222
CENTURY 21 ACCOUNTING © Thomson/South-Western
Chapter 3-3 AssignmentsChapter 3-3 Assignments
On Your Own page 72
12
LESSON 3-2
