what is the general journal used for? how do we enter transactions in the general journal? lesson...
TRANSCRIPT
What is the general journal used for?How do we enter transactions in the general journal?
LESSON 4-1 1
REVIEW
If you were an Accountant and someone asked you “how much cash do we have?”, can you give them a quick answer using the General Journal?
2
THINK ABOUT IT….
What’s the solution?
LESSON 4-1 3
THINK ABOUT IT….
Preparing Chart Of Accounts and
General Ledger
LESSON 4-1
LESSON 4-1 5
RELATIONSHIP OF A T ACCOUNT TO AN ACCOUNT FORM
Balance columns
LESSON 4-1 6
CHART OF ACCOUNTS
LESSON 4-1 7
ACCOUNT NUMBERS page 92
LESSON 4-1 8
OPENING AN ACCOUNT IN A GENERAL LEDGER
1. Write the account title after the word Account in the heading.2. Write the account number after the words Account No. in the heading.
page 94
11 22
LESSON 4-2Posting from a General Journal to a General Ledger
10 LESSON 4-2
1. Write the date. 4. Write the new account balance.
2. Write the journal page number.
3. Write the debit amount.
5. Return to the journal and write the account number.
POSTING AN AMOUNT FROM THE DEBIT COLUMN OF A GENERAL JOURNAL
11
44
22
33
55
11 LESSON 4-2
POSTING AN AMOUNT FROM THE CREDIT COLUMN OF A GENERAL
JOURNAL
11
1. Write the date. 4. Write the new account balance.
2. Write the journal page number.
3. Write the credit amount.
5. Return to the journal and write the account number.
44
22
33
55
12 LESSON 4-2
POSTING A DEBIT AMOUNT TO AN ACCOUNT WITH A DEBIT BALANCE
33
55
11
44
1. Write the date. 4. Write the new account balance.
2. Write the journal page number.
3. Write the debit amount.
5. Return to the journal and write the account number.
22
13 LESSON 4-2
POSTING A DEBIT AMOUNT TO AN ACCOUNT WITH A CREDIT BALANCE
1. Write the date. 4. Write the new account balance.
2. Write the journal page number.
3. Write the debit amount.
5. Return to the journal and write the account number.
33
55
11
44
22
On Your Own 4-2, p. 101 in the text and pp. 62-64 in the workbook
Let’s do the first two entries together
LESSON 4-1 14
LET’S PRACTICE