Chapter 5

Posting from a General Journal to a General Ledger

Essential Questions

How is a chart of accounts prepared for a service business organized as a proprietorship? What is the process for adding a new account to an established chart of accounts? How are general journal entries posted to the general ledger? What is meant by "Proving Cash"? How are correcting entries journalized?

TERMS FOR CHAPTER 5

- ledger - general ledger - account number - file maintenance

- opening an account - posting - proving cash - correcting entry

ASSIGNMENTS

Preparing a Chart of Accounts Read pp. 94-100 1) View Power Point presentation 5-1 2) Complete Application Problem 5-1 p. 113 3) Work on Study Guide 5 4) Continue with Spill Business Simulation Week one Business October 27-28 Posting from a General Journal to a General Ledger Read pp. 101-105 1) View Power Point presentation 5-2 2) Complete Application Problem 5-2 p. 113 3) Complete Mastery Problem 5-4 pp. 114 4) Complete Study Guide 5 5) Complete Spill Business Simulation Week one Business October 29-31

Completed General Ledger, Proving Cash, and Making Correcting Entries Read pp. 106-112 1) View Power Point presentation 5-3 2) Complete Application Problem 5-3 p. 113 3) Begin Spill Business Simulation Week two November 3-4 Additional Chapter exercises Chapter Five Internet Activity Accounting in Your Career p. 95 Explore Accounting p. 112 (Use the business you outlined for the Applied Communication exercise from chapter 3 p. 62. Resubmit this exercise with your Explore Accounting exercise.) Due November 7 There will be no test for this chapter. Challenge Problem 5-5 p. 114 may be completed for extra credit Due November 14