Journals, Source Documents, and Recording Entries in a Journal - - PowerPoint PPT Presentation

▶
journals source documents and recording entries in a
SMART_READER_LITE
LIVE PREVIEW

Journals, Source Documents, and Recording Entries in a Journal - - PowerPoint PPT Presentation

Mar 29, 2024 316 likes •431 views

LESSON 3-1 Journals, Source Documents, and Recording Entries in a Journal Journals and Journalizing Journal a form for recording transactions in chronological order. Journalizing - recording transactions in a journal. Using a

slide-1
SLIDE 1

LESSON 3-1 Journals, Source Documents, and Recording Entries in a Journal

  • Journals and Journalizing
  • Journal – a form for recording transactions in

chronological order.

  • Journalizing - recording transactions in a journal.
slide-2
SLIDE 2
  • Using a Journal
  • Special amount column – a journal amount column

headed with an account title.

  • General amount column – a journal amount column

that is not headed with an account title.

  • Example: General Debit and General Credit
slide-3
SLIDE 3
  • Accuracy
  • Chronological Record
  • Double-Entry Accounting
  • Entry – information for each transaction recorded in

a journal.

  • Double-entry – the recording of debit and credit

parts of a transaction.

  • Source Documents
  • Source document – a business paper from which

information is obtained for a journal entry.

slide-4
SLIDE 4

page 57

A FIVE-COLUMN JOURNAL

slide-5
SLIDE 5

Source Documents

  • Checks – a business form ordering a bank to pay

cash from a bank account.

  • Sales Invoices
  • Invoice – A form describing the goods or

services sold, the quantity, and the price.

  • Sales Invoice – an invoiced used as a source

document for recording a sale on account.

slide-6
SLIDE 6

Other Source Documents

  • Receipts – a business form giving written

acknowledgement for cash received.

  • Memorandums – a form on which a brief message is

written describing a transaction.

  • Calculator Tapes
slide-7
SLIDE 7

CHECKS

page 58

slide-8
SLIDE 8

SALES INVOICES

page 58

slide-9
SLIDE 9

OTHER SOURCE DOCUMENTS

page 59

memorandum calculator tape receipt

slide-10
SLIDE 10

RECEIVED CASH FROM OWNER AS AN INVESTMENT

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.

1 2 4 3 3

slide-11
SLIDE 11

PAID 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.

1 4 3 2 2