century 21 accounting © thomson/south-western lesson 4-1 preparing a chart of accounts
TRANSCRIPT
CENTURY 21 ACCOUNTING © Thomson/South-Western
LESSON 4-1LESSON 4-1
Preparing a Chart of Accounts
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CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 4-1
RELATIONSHIP OF A T ACCOUNT RELATIONSHIP OF A T ACCOUNT TO AN ACCOUNT FORMTO AN ACCOUNT FORM page 91
Balance columns
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CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 4-1
CHART OF ACCOUNTSCHART OF ACCOUNTS page 92
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CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 4-1
ACCOUNT NUMBERSACCOUNT NUMBERS page 92
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CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 4-1
1. Write the account title.
2. Write the account number.
OPENING AN ACCOUNT OPENING AN ACCOUNT IN A GENERAL LEDGERIN A GENERAL LEDGER page 94
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CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 4-1
TERMS REVIEWTERMS REVIEW
ledger general ledger account number file maintenance opening an account
page 95
CENTURY 21 ACCOUNTING © Thomson/South-Western
LESSON 4-2LESSON 4-2
Posting Separate Amountsfrom a Journal to aGeneral Ledger
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CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 4-1
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 POSTING AN AMOUNT FROM A GENERAL DEBIT COLUMNFROM A GENERAL DEBIT COLUMN page 96
33 5511
2244
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CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 4-1
POSTING A SECOND AMOUNT POSTING A SECOND AMOUNT TO AN ACCOUNTTO AN ACCOUNT page 97
335511
22
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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.
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CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 4-1
POSTING AN AMOUNT POSTING AN AMOUNT FROM A GENERAL CREDIT COLUMNFROM A GENERAL CREDIT COLUMN page 98
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5511
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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.
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CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 4-1
TERM REVIEWTERM REVIEW
posting
page 99
CENTURY 21 ACCOUNTING © Thomson/South-Western
LESSON 4-3LESSON 4-3
Posting Column Totalsfrom a Journal to aGeneral Ledger
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CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 4-1
CHECK MARKS SHOW THAT AMOUNTS CHECK MARKS SHOW THAT AMOUNTS ARE NOT POSTEDARE NOT POSTED page 100
Check mark indicates that amounts ARE NOT posted individually.
Check mark indicates that amounts ARE NOT posted individually.
Check mark indicates that general amount column totals ARE NOT posted.
Check mark indicates that general amount column totals ARE NOT posted.
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CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 4-1
POSTING THE TOTAL POSTING THE TOTAL OF THE SALES CREDIT COLUMNOF THE SALES CREDIT COLUMN page 101
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1. Write the date. 4. Write the new account balance.
2. Write the journal page number.
3. Write the column total.
5. Return to the journal and write the account number.
2233 55
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CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 4-1
POSTING THE TOTAL POSTING THE TOTAL OF THE CASH DEBIT COLUMNOF THE CASH DEBIT COLUMN page 102
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1. Write the date. 4. Write the new account balance.
2. Write the journal page number.
3. Write the column total.
5. Return to the journal and write the account number.
225533
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CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 4-1
POSTING THE TOTAL POSTING THE TOTAL OF THE CASH CREDIT COLUMNOF THE CASH CREDIT COLUMN page 103
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1. Write the date. 4. Write the new account balance.
2. Write the journal page number.
3. Write the column total.
5. Return to the journal and write the account number.
2255
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CENTURY 21 ACCOUNTING © Thomson/South-Western
LESSON 4-4LESSON 4-4
Completed Accounting Forms and Making Correcting Entries
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CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 4-1
JOURNAL PAGE JOURNAL PAGE WITH POSTING COMPLETEDWITH POSTING COMPLETED page 105
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CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 4-1
MEMORANDUM MEMORANDUM FOR A CORRECTING ENTRYFOR A CORRECTING ENTRY page 108
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CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 4-1
JOURNAL ENTRY JOURNAL ENTRY TO RECORD A CORRECTING ENTRYTO RECORD A CORRECTING ENTRY page 108
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Source DocumentSource Document
33CreditCredit
11 DateDate 22 DebitDebit
November 13. Discovered that a payment of cash for advertising in October was journalized and posted in error as a debit to Miscellaneous Expense instead of Advertising Expense, $140.00. Memorandum No. 15.
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CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 4-1
TERM REVIEWTERM REVIEW
correcting entry
page 109