CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning

Accounting, Monday, March 12

BELL RINGERAnswer the questions on

the worksheet from Lesson 10-2Journalizing Cash Receipts Using a

Cash Receipts Journal

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning

Tuesday, March 6

AGENDA Return Test Chapter 9Finish Application Problem 10-2: Journalizing cash receipts; proving and ruling cash receipts journal

Lesson 10-3: Recording Transactions Using a General Ledger

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning

Assignment Monday, March 12

1. Bell Ringer Lesson 10-2

2. Aplia: On Your Own 10-2

Appl. Problem 10-2

3. Lesson 10-3: Read pgs.285-86

Define the three terms from Lesson 10-3

4. Complete Work Together 10-3, pg. 287

5. Aplia: On Your Own 10-3

Appl. Problem 10-3

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning

LESSON 10-3

Recording Transactions Using a General Journal

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning

5

LESSON 10-3

TERMS REVIEW

sales return sales allowance credit memorandum

page 287

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning

6

LESSON 10-3

CREDIT MEMORANDUM FOR SALES RETURNS AND ALLOWANCES page 285

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning

7

LESSON 10-3

JOURNALIZING SALES RETURNS AND ALLOWANCES

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6

page 286

March 11. Granted credit to Village Crafts for merchandise returned, $58.50, plus sales tax, $3.51, from S160; total, $62.01. Credit Memorandum No. 41.

7 89

5

1. Write the date. 6. Write the sales tax amount.

2. Write Sales Returns and Allowances. 7. Write the accounts to be credited.

3. Write CM and the credit memorandum number.

8. Draw a diagonal line in the Post. Ref. column.

4. Write the amount of the sales return. 9. Write the total accounts receivable amount.5. Write Sales Tax Payable.