CENTURY 21 ACCOUNTING © Thomson/South-Western

1

LESSON 3-1

A FIVE-COLUMN JOURNALA FIVE-COLUMN JOURNAL page 57

CENTURY 21 ACCOUNTING © Thomson/South-Western

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LESSON 3-1

CHECKSCHECKS page 58

CENTURY 21 ACCOUNTING © Thomson/South-Western

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LESSON 3-1

SALES INVOICESSALES INVOICES page 58

CENTURY 21 ACCOUNTING © Thomson/South-Western

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LESSON 3-1

OTHER SOURCE DOCUMENTSOTHER SOURCE DOCUMENTS page 59

memorandummemorandum

calculator tapecalculator tape

receiptreceipt

CENTURY 21 ACCOUNTING © Thomson/South-Western

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LESSON 3-1

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.

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.

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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.

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.

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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. 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.

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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. 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.

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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. 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.

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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.

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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.

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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.

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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.

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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.

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LESSON 3-4

PROVING A JOURNAL PAGEPROVING A JOURNAL PAGE page 73

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.

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LESSON 3-4

RULING A JOURNAL PAGERULING A JOURNAL PAGE

5. Rule double lines.

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1. Rule a single line.

2. Write the date.

3. Write Carried Forward.

4. Write each column total.

CENTURY 21 ACCOUNTING © Thomson/South-Western

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LESSON 3-4

STARTING A NEW JOURNAL PAGESTARTING A NEW JOURNAL PAGE page 75

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441. 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.

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LESSON 3-4

PROVING AND RULING A JOURNAL AT PROVING AND RULING A JOURNAL AT THE END OF A MONTHTHE END OF A MONTH page 75

5. Rule double lines.

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1. Rule a single line.

2. On the next line, write the date.

3. Write the word Totals.

4. Write each column total.

CENTURY 21 ACCOUNTING © Thomson/South-Western

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LESSON 3-4

STANDARD ACCOUNTING PRACTICESSTANDARD ACCOUNTING PRACTICES page 77

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