Chapter 4

Recording Transactions in a General Journal

Essential Questions

What are the various types of source documents and how do they relate to the accounts used in recording general journal entries? How are general journal transactions recorded to set up a business? How are general journal transactions recorded to buy insurance for cash and supplies on account? How are general journal transactions recorded that affect owner's equity and receiving cash on account? When and how is a new journal page started? How are journal entries made in an automated accounting system?

TERMS FOR CHAPTER 4

- journal - journalizing - entry - general journal - double-entry accounting - source document

- check - invoice - sales invoice - receipt - memorandum

ASSIGNMENTS

Journals, Source Documents, and Recording Entries in a Journal Read pp. 64-71 What are the various types of source documents and how do they relate to the accounts used in recording general journal entries? How are general journal transactions recorded to set up a business? 1) View Power Point presentation 4-1 2) Complete Application Problem 4-1 p. 58 3) Work on Study Guide 4 October 8 & 9 Journalizing Buying Insurance, Buying on Account, and Paying on Account Read pp. 72-75 How are general journal transactions recorded to buy insurance for cash and supplies on account? 1) View Power Point presentation 4-2 2) Complete Application Problem 4-2 pp. 87 3) Continue to Work on Study Guide 4 October 10 Journalizing Transactions That Affect Owner's Equity and Receiving Cash on Account Read pp. 76-81 How are general journal transactions recorded that affect owner's equity and receiving cash on account? 1) View Power Point presentation 4-3 2) Complete Application Problem 4-3 pp. 87-88 3) Complete Study Guide 4 October 14-15

Starting a New Journal Page Read pp. 82-85 When and how is a new journal page started? 1) View Power Point presentation 4-4 2) Complete Application Problems 4-4 & 4-5 pp. 88-89 3) Complete Study Guide 4 October 17 Complete Mastery Problem 4-6 pp. 89-90 October 17 Additional Chapter exercises Chapter Four Internet Activity www.abwa.org ABWA is the American Business Women's Association 1. When was the ABWA founded? 2. What are some of the services the ABWA provides to working women? 3. According to U.S. Census data, women are currently starting businesses at twice the rate of men. What do you think are some reasons for this trend? Accounting in Your Career p. 65 Applied Communication p. 91 Due October 17 Tentative Test Date for Chapter 4 is Wednesday, October 22. Challenge Problem 4-7 p. 90 may be completed for extra credit by October 24