Chapter 11

Journalizing Sales and Cash Receipts
Using Special Journals

Essential Questions

How does the sales journal differ from the general journal? How is a sale on account journalized using a sales journal? How does the cash receipts journal differ from the general journal? How is a cash receipt transaction journalized using the cash receipts journal? What is the procedure to total, prove, and rule a sales journal and a cash receipts journal?

TERMS FOR CHAPTER 11

- customer - sales journal - credit card sale

- sales tax - cash sale - cash receipts journal

ASSIGNMENTS

Journalizing Sales on Account Using a Sales Journal Read pp. 252-258 1) View Power Point presentation 11-1 2) Complete Application Problem 11-1 p. 266 3) Work on Study Guide 11 January 29 Journalizing Cash Receipts Using a Cash Receipts Journal Read pp. 259-265 1) View Power Point presentation 11-2 2) Complete Application Problem 11-2 pp. 266-267 3) Complete Study Guide 11 January 30-31

Complete Mastery Problem 11-3 p. 267 February 1 Complete Handout for the Challenge Problem 11-4 pp. 267 - 268. February 4 Additional Chapter exercises Internet Activity Major bank-approved credit cards include VISA, MasterCard, and Discover. Use the internet to answer the following questions: 1. How long have credit cards been a viable method of payment? 2. List ten tips for safe credit card usage. 3. What advantages and disadvantages do credit cards offer consumers? businesses? Accounting in Your Career p. 253 Applied Communication p. 269 Due February 13 Tentative Test Date for Chapters 10 & 11 is Friday, February 13 Challenge Problem 11-4 is not available for extra credit.