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Journalizing Transactions

Chapter 4

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Account Title

Doc

No.

Post

Ref. Debit Credit

General Journal page ______

Date

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Rule of Thumb

If you enter a number in the general amount

column then a account title has to be

entered also.

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Account Title

Doc

No.

Post

Ref. Debit Credit

General Journal page ______

Date

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SOURCE DOCUMENTS

DEF - A business paper from which

information is obtained for a journal entry

Checks - a form for ordering a bank to paycash . C1, C2 etc. . . . . .

Calculator Tapes - tapes from the cash

register used to record sales for the day orthe week. T1,T12 etc. . . . . .

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SOURCE DOCUMENTS

CONT Receipts - a form giving written

acknowledgement for cash received.

R1,R2,R3 etc. . . . . Memorandums - a form which gives a brief

message describing the transaction. M34,

M45 etc. . . . . .

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Transactions

August 1, 2000 Received cash from owner as an investment

$10,000. Receipt No. 1

Cash Ben Furman,Cap

10000 10000

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Recording Transactions in a Five

Column Journal

Date

Debit

Credit

Source Document

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Account Title

Doc

No.

Post

Ref. Debit Credit

General Journal page ______

DateAug 1 Cash 10000

Barbara Trevino, Capital 10000

R1

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Transactions

August 3, 2000 Paid cash for supplies $1,577. Check No. 1

Cash Supplies

1577 1577

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Account Title

Doc

No.

Post

Ref. Debit Credit

General Journal page ______

DateAug 1 Cash 10000

Barbara Trevino, Capital 10000

R1

3 Supplies 1577

Cash 1577

C1

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Please try on your own on page 71

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General Journal Page 1

Date Account Title Doc No Post Ref Debit Credit

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Account Title

Doc

No.

Post

Ref. Debit Credit

General Journal page ______

DateAug 1 Cash 10000

Barbara Trevino, Capital 10000

R1

3 Supplies 1577

Cash 1577

C1

4 Prepaid Insurance 1200

Cash 1200

C2

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Transactions

August 7, 2000 Bought supplies on account from Butler

Cleaning Supplies, $2720. Memorandum

Supplies Butler Cleaning supplies

2720 2720

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Account Title

Doc

No.

Post

Ref. Debit Credit

General Journal page ______

DateAug 1 Cash 10000

Barbara Trevino, Capital 10000

R1

3 Supplies 1577

Cash 1577

C1

4 Prepaid Insurance 1200

Cash 1200

C2

7 Supplies 2720

2720Acct Pay- Butler Cleaning Supplies

M1

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Transactions

August 11, 2000 Paid cash on account to Butler Cleaning Supply

$1360 Check No 3

Cash Butler Cleaning Supply

1360 1360

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General Journal Page 1

Date Account Title Doc No Post Ref Debit Credit

Aug 11 Butler Cleaning Sup C3 1360

Cash 1360

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Transactions

August 12, 2000 Received cash form sales $525 Tape No

Cash Sales

525 525

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General Journal Page 1

Date Account Title Doc No Post Ref Debit Credit

Aug 12 Cash T12 525

Sales 525

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Transactions

August 12, 2000 Paid cash for Rent $250 Check No 4

Cash Rent Expense

250 250

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General Journal Page 1

Date Account Title Doc No Post Ref Debit Credit

Aug 12 Cash T12 525

Sales 525

12 Rent Expense C4 250

Cash 250

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Transactions

August 13, 2000 Paid cash to owner for personal use $100

check No 6

Cash Ben Furman, Drawing

100 100

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General Journal Page 1

Date Account Title Doc No Post Ref Debit Credit

Aug 12 Cash T12 525

Sales 525

12 Rent Expense C4 250

Cash 250

13 Ben Furman, Drawing c6 100

Cash 100

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Standard Accounting practices

Please look at the rules that apply on page

84

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Problems for this chapter

On your own page 81

Problems 4-1,2,3,4,5,6

Next class We will do the first computer

problem together..Computer problem 4-5