Les 04 1
9
© South-Western © South-Western Educational Publishing Educational Publishing A GENERAL JOURNAL A GENERAL JOURNAL Lesson 4-1, page 66 Lesson 4-1, page 66
-
Upload
nadinesullivan -
Category
Business
-
view
189 -
download
4
Transcript of Les 04 1
© South-Western© South-WesternEducational PublishingEducational Publishing
A GENERAL JOURNALA GENERAL JOURNAL
Lesson 4-1, page 66Lesson 4-1, page 66
© South-Western© South-WesternEducational PublishingEducational Publishing
CHECKSCHECKS
Lesson 4-1, page 67Lesson 4-1, page 67
© South-Western© South-WesternEducational PublishingEducational Publishing
SALES INVOICESSALES INVOICES
Lesson 4-1, page 67Lesson 4-1, page 67
© South-Western© South-WesternEducational PublishingEducational Publishing
OTHER SOURCE DOCUMENTSOTHER SOURCE DOCUMENTS
Lesson 4-1, page 68Lesson 4-1, page 68
© South-Western© South-WesternEducational PublishingEducational Publishing
RECEIVED CASH FROM OWNER AS AN INVESTMENTRECEIVED CASH FROM OWNER AS AN INVESTMENT
Lesson 4-1, page 69Lesson 4-1, page 69
August 1. Received cash from owner as an investment, $10,000.00. Receipt No. 1.
© South-Western© South-WesternEducational PublishingEducational Publishing
RECEIVED CASH FROM OWNER AS AN INVESTMENTRECEIVED CASH FROM OWNER AS AN INVESTMENT
Lesson 4-1, page 69Lesson 4-1, page 69
August 1. Received cash from owner as an investment, $10,000.00. Receipt No. 1.
1. Which accounts are affected?
Cash
Barbara Treviño, Capital
4. How is each amount entered in the accounts?
Assets increase on the debit side.
Owner’s equity accounts increase on the credit side.
3. How is each classification changed?
Assets are increased.
Owner’s equity is increased.
2. How is each account classified?
Cash is an asset account.
Barbara Treviño, Capital is an owner’s equity account.
Barbara Treviño, Capital
Cash
DebitNormal Balance
CreditNormal Balance
10,000.00
10,000.00
© South-Western© South-WesternEducational PublishingEducational Publishing
RECEIVED CASH FROM OWNER AS AN INVESTMENTRECEIVED CASH FROM OWNER AS AN INVESTMENT
Lesson 4-1, page 69Lesson 4-1, page 69
August 1. Received cash from owner as an investment, $10,000.00. Receipt No. 1.
1. Write the date.
4. Write the source document number.
2. Debit Cash.
3. Credit Barbara Treviño, Capital.
1
3
2
4
© South-Western© South-WesternEducational PublishingEducational Publishing
3. Credit Cash.
PAID CASH FOR SUPPLIESPAID CASH FOR SUPPLIES
Lesson 4-1, page 70Lesson 4-1, page 70
1. Write the date.
4. Write the source document number.2. Debit Supplies.
13
24
© South-Western© South-WesternEducational PublishingEducational Publishing
TTERMS REVIEWERMS REVIEWjournal
journalizing
entry
general journal
double-entry accounting
source document
Lesson 4-1, page 71Lesson 4-1, page 71
check
invoice
sales invoice
receipt
memorandum
