Accounting I
Guided Reading
Chapter 3	Journalizing Transactions

Journals, Source Documents, and Recording Entries in a Journal
Journals and Journalizing
A form for recording transactions in chronological order is called _________________.
Recording transactions in a journal is called ___________________.
A Five-Column Journal
Using a Journal
Information for each transaction recorded in a journal is called an _________________ . 
A journal with _______ account columns in which all kinds of ______________ can be recorded is called a _________________________. 
Accuracy:
Info recorded in a journal (finish the sentence)

Chronological record
In what order are transactions recorded in a journal?

Double Entry Accounting:
What is Double Entry Accounting?

Three things about Double Entry Accounting:
1.

2. 

3. 

Source Documents

Define Check:

Define Sales Invoice:

Define Receipts:

Define Memorandums:

Define Calculator Tapes:

	Why are Source Documents important?

Received Cash from Owner as an Investment 
	List the four part of a journal entry:
	Transaction: August 1. Received Cash from owner as an investment (Record Steps for Journalizing)
	Draw T Accounts:

	Step 1: 
	Step 2
	Step 3
	Step 4: 
Paid Cash for Supplies
	Transaction: August 3. Paid cash for supplies (Record Steps for Journalizing)
	Draw T Accounts:

	Step 1: 
	Step 2
	Step 3
	Step 4: 

3-2 Journalizing Buying Insurance, Buying on Account, and Paying on Account
Paid Cash for Insurance
Which journal columns are used to record paying cash for insurance:
Transaction: August 4. Paid cash for Insurance (Complete the Journal Entry)
	Draw T Accounts:
									
 	 	 	GENERAL JOURNAL	 	 	PAGE	 	 	
 	 	 	 	 	 	1	2	 	
 	 		 	DOC.	POST.	GENERAL	 	 	
 	DATE	ACCOUNT TITLE	NO.	REF.	DEBIT	CREDIT	 	
 	 		 	 	 	 	 	 	
1	 	 	 	 	 	 	 	1	
2	 	 	 	 	 	 	 	2	
3	 	 	 	 	 	 	 	3	
4	 	 	 	 	 	 	 	4	
5	 	 	 	 	 	 	 	5	

Bought Supplies on Account
Which journal columns are used to record buying supplies on account:
Transaction: August 7. Bought supplies on account (Complete the Journal Entry above)
Draw the T-Accounts

Paid Cash on Account
Which journal columns are used to record paying cash:
Transaction: August 11. Paid cash on account (Complete the Journal Entry above)
Draw the T-Accounts

Journalizing Transactions that Affect Owner’s Equity and Receiving Cash on Account
Received Cash from Sales
Which journal columns are used to record receiving cash for sales:
Transaction: August 12. Received cash from sales (Complete the Journal Entry below)
Draw the T-Accounts

									
 	 	 	GENERAL JOURNAL	 	 	PAGE	 	 	
 	 	 	 	 	 	1	2	 	
 	 		 	DOC.	POST.	GENERAL	 	 	
 	DATE	ACCOUNT TITLE	NO.	REF.	DEBIT	CREDIT	 	
 	 		 	 	 	 	 	 	
1	 	 	 	 	 	 	 	1	
2	 	 	 	 	 	 	 	2	
3	 	 	 	 	 	 	 	3	
4	 	 	 	 	 	 	 	4	
5	 	 	 	 	 	 	 	5	

Sold Services on Account
Which journal columns are used to record sales on account:
Transaction: August 12. Sold services on account (Complete the Journal Entry above)
Draw the T-Accounts

Paid Cash for an Expense
Which journal columns are used to record paying cash for an expense:
Transaction: August 12. Paid cash for rent (Complete the Journal Entry above)
Draw the T-Accounts

Received Cash on Account
Which journal columns are used to record receiving cash on account:
Transaction: August 18. Received cash on account (Complete the Journal Entry above)
Draw the T-Accounts

Paid Cash to Owner for Personal Use
Which journal columns are used to record paying cash to owner for personal use:
Transaction: August 18. Paid cash to owner (Complete the Journal Entry above)
Draw the T-Accounts

3-4 Proving and Ruling a Journal
Proving a Journal Page
What are the steps for proving a journal page?
1. 
2. 
3. 

Ruling a Journal Page
What are the steps for ruling a journal page?
1. 
2. 
3. 

Starting a New Journal Page
What are the steps for staring a new journal page?
1. 
2. 
3. 

Proving and Ruling a Journal at the End of a Month
Proving Cash
What is the formula for proving cash?

Ruling a Journal at the End of a Month
What are the steps for ruling a journal page at the end of the month?
1. 
2. 
3. 

Standard Accounting Practices
Summarize each standard accounting practice:
1. 
2. 
3. 
4.
5.
6. 
7. 
8. 
9.