Chapter 10

Journalizing Purchases and Cash Payments
Using Special Journals

Essential Questions

What is meant by a partnership? What are the types of merchandising businesses and how do they differ? How does the purchases journal differ from the general journal? How is the purchase of merchandise journalized using a purchases journal? How does the cash payments journal differ from the general journal? How is a cash payment journalized using the cash payments journal?. What is the procedure to total, prove, and rule a cash payments journal and start a new cash payments journal page?

TERMS FOR CHAPTER 10

- partnership - merchandising business - merchandise - special journal - markup - purchases journal - purchase invoice - cash payments journal

- partner - retail merchandising business - wholesale merchandising business - cost of merchandise - vendor - special amount column - terms of sale - general amount column

ASSIGNMENTS

Journalizing Purchases Using a Purchases Journal Read pp. 220-228 1) View Power Point presentation 10-1 2) Complete Application Problem 10-1 p. 245 3) Work on Study Guide 10 January 21-22 Journalizing Cash Payments Using a Cash Payments Journal Read pp. 229-233 1) View Power Point presentation 10-2 2) Complete Application Problem 10-2 p. 245 3) Continue to Work on Study Guide 10 January 23 Performing Additional Cash Payments Journal Operations Read pp. 234-239 1) View Power Point presentation 10-3 2) Complete Application Problem 10-3 p. 246 3) Continue to Work on Study Guide 10 January 26

Journalizing Other Transactions Using a General Journal Read pp. 240-244 1) View Power Point presentation 10-4 2) Complete Application Problem 10-4 p. 246 3) Complete Study Guide 10 January 27 Complete Mastery Problem 10-5 pp. 246-247 Complete Mastery Problem handout first and submit it to be graded. Do not start the mastery problem until the handout is returned to you. January 28 Additional Chapter exercises Chapter Ten Internet Activity Accounting in Your Career p. 221 Cases for Critical Thinking p. 249 Complete Case 1 and Case 2. Due January 30 Chapter 10 material will be combined with Chapter 11 for testing purposes Challenge Problem 10-6 p. 248 may be completed for extra credit Due February 3