century 21 accounting © thomson/south-western lesson 2-1 departmental sales on account and sales...
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CENTURY 21 ACCOUNTING © Thomson/South-Western
LESSON 2-1LESSON 2-1
Departmental Sales on Account and Sales Returns and Allowances
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CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 2-1
June 1. Sold audio equipment on account to Kim Electronics, $280.00, plus sales tax, $23.10; total, $303.10. Sales Invoice No. 101.
1. Write the date.
5. Write the sales tax payable amount.
4. Write the total invoice amount.
3. Write the sales invoice number.
2. Write the customer name.
6. Write the sales amount.
JOURNALIZING SALES ON ACCOUNTJOURNALIZING SALES ON ACCOUNT page 37
11 22 33 44 55 66
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CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 2-1
4. Enter account balance.
3. Enter amount in Debit column.
2. Write sales journal page.
1. Write date.
5. Write customer number in Post. Ref. column of sales journal.
POSTING FROM A SALES JOURNAL TO POSTING FROM A SALES JOURNAL TO THE ACCOUNTS RECEIVABLE LEDGERTHE ACCOUNTS RECEIVABLE LEDGER page 38
11 2233
44
55
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CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 2-1
3. Enter debit amount.
2. Write sales journal page.
4. Enter account balance.1. Write date.
5. Write general ledger account number in parentheses.
POSTING FROM A SALES JOURNAL POSTING FROM A SALES JOURNAL TO A GENERAL LEDGER ACCOUNTTO A GENERAL LEDGER ACCOUNT page 39
11
33
44
5522
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CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 2-1
June 5. Granted credit to Kim Electronics for audio equipment returned, $130, plus sales tax, $10.73, from Sales Invoice No. 101; total, $140.73. Credit Memo No. 43.
JOURNALIZING SALES JOURNALIZING SALES RETURNS AND ALLOWANCESRETURNS AND ALLOWANCES page 40
3. Record credit memo number.
4. Write debit amounts.
1. Write date.
2. Enter accounts to be debited.
5. Enter accounts to be credited.
6. Draw diagonal line.
22
3344
55 66
7. Write credit amount.
11 77
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CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 2-1
POSTING FROM GENERAL JOURNALPOSTING FROM GENERAL JOURNAL page 41
2. Journal page number
1. Date
5. Account numbers
3. Debit amounts
4. Credit amount11
11
11
11
11
22
22
22
22
22
33
33
33
44
44
44
55
55 55
55 55
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CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 2-1
TERM REVIEWTERM REVIEW
credit memorandum
page 43