Escolar Documentos
Profissional Documentos
Cultura Documentos
Chapter 4
Chapter 5
Chapter 6
Chapter 7
Chapter 8
Chapter 9
Glencoe Accounting Unit 2 Chapter 6 Copyright by The McGraw-Hill Companies, Inc. All rights reserved.
Chapter 6
Recording Transactions in a
General Journal
What Youll Learn
Explain the first three steps in the accounting cycle.
Give and describe several examples of source
documents.
Explain the purpose of journalizing.
Apply information from source documents.
Describe the steps to make a general journal entry.
Make general journal entries.
Correct errors in general journal entries.
Define the accounting terms introduced in this
chapter.
Glencoe Accounting Unit 2 Chapter 6 Copyright by The McGraw-Hill Companies, Inc. All rights reserved.
Chapter 6, Section 1
The Accounting Cycle
What Do You Think?
What happens if you do not keep financial records in an
orderly fashion?
Glencoe Accounting Unit 2 Chapter 6 Copyright by The McGraw-Hill Companies, Inc. All rights reserved.
SECTION 6.1
Glencoe Accounting Unit 2 Chapter 6 Copyright by The McGraw-Hill Companies, Inc. All rights reserved.
SECTION 6.1
Key Terms
accounting cycle
source document
invoice
receipt
memorandum
check stub
journal
journalizing
fiscal year
calendar year
Glencoe Accounting Unit 2 Chapter 6 Copyright by The McGraw-Hill Companies, Inc. All rights reserved.
SECTION 6.1
Glencoe Accounting Unit 2 Chapter 6 Copyright by The McGraw-Hill Companies, Inc. All rights reserved.
SECTION 6.1
Glencoe Accounting Unit 2 Chapter 6 Copyright by The McGraw-Hill Companies, Inc. All rights reserved.
SECTION 6.1
Glencoe Accounting Unit 2 Chapter 6 Copyright by The McGraw-Hill Companies, Inc. All rights reserved.
SECTION 6.1
Glencoe Accounting Unit 2 Chapter 6 Copyright by The McGraw-Hill Companies, Inc. All rights reserved.
SECTION 6.1
Glencoe Accounting Unit 2 Chapter 6 Copyright by The McGraw-Hill Companies, Inc. All rights reserved.
10
SECTION 6.1
Glencoe Accounting Unit 2 Chapter 6 Copyright by The McGraw-Hill Companies, Inc. All rights reserved.
11
SECTION 6.1
Glencoe Accounting Unit 2 Chapter 6 Copyright by The McGraw-Hill Companies, Inc. All rights reserved.
12
SECTION 6.1
Glencoe Accounting Unit 2 Chapter 6 Copyright by The McGraw-Hill Companies, Inc. All rights reserved.
13
SECTION 6.1
Glencoe Accounting Unit 2 Chapter 6 Copyright by The McGraw-Hill Companies, Inc. All rights reserved.
14
Chapter 6, Section 2
Recording Transactions in the
General Journal
What Do You Think?
Why do you need to record transactions?
Glencoe Accounting Unit 2 Chapter 6 Copyright by The McGraw-Hill Companies, Inc. All rights reserved.
15
SECTION 6.2
Glencoe Accounting Unit 2 Chapter 6 Copyright by The McGraw-Hill Companies, Inc. All rights reserved.
16
SECTION 6.2
Glencoe Accounting Unit 2 Chapter 6 Copyright by The McGraw-Hill Companies, Inc. All rights reserved.
17
SECTION 6.2
Glencoe Accounting Unit 2 Chapter 6 Copyright by The McGraw-Hill Companies, Inc. All rights reserved.
18
SECTION 6.2
Glencoe Accounting Unit 2 Chapter 6 Copyright by The McGraw-Hill Companies, Inc. All rights reserved.
19
SECTION 6.2
Glencoe Accounting Unit 2 Chapter 6 Copyright by The McGraw-Hill Companies, Inc. All rights reserved.
20
SECTION 6.2
Glencoe Accounting Unit 2 Chapter 6 Copyright by The McGraw-Hill Companies, Inc. All rights reserved.
21
SECTION 6.2
Glencoe Accounting Unit 2 Chapter 6 Copyright by The McGraw-Hill Companies, Inc. All rights reserved.
22
SECTION 6.2
Glencoe Accounting Unit 2 Chapter 6 Copyright by The McGraw-Hill Companies, Inc. All rights reserved.
23
SECTION 6.2
Glencoe Accounting Unit 2 Chapter 6 Copyright by The McGraw-Hill Companies, Inc. All rights reserved.
24
SECTION 6.2
Glencoe Accounting Unit 2 Chapter 6 Copyright by The McGraw-Hill Companies, Inc. All rights reserved.
25
SECTION 6.2
Glencoe Accounting Unit 2 Chapter 6 Copyright by The McGraw-Hill Companies, Inc. All rights reserved.
26
CHAPTER 6
Chapter 6 Review
Problem 1
Describe the general journal entry for the following event.
On January 16, 20-- On Time Delivery issued Check 243
to Comfort Space for $4,000 to buy office furniture.
(continued)
Glencoe Accounting Unit 2 Chapter 6 Copyright by The McGraw-Hill Companies, Inc. All rights reserved.
27
CHAPTER 6
Chapter 6 Review
Answer 1
First record:
The date in the Date Column
20-Jan. 16
(continued)
Glencoe Accounting Unit 2 Chapter 6 Copyright by The McGraw-Hill Companies, Inc. All rights reserved.
28
Answer 1
Then record:
The account debited in the Description column
The amount of the debit in the Debit column
4 0 0 0 00
(continued)
Glencoe Accounting Unit 2 Chapter 6 Copyright by The McGraw-Hill Companies, Inc. All rights reserved.
29
CHAPTER 6
Chapter 6 Review
Answer 1
Then record:
The account credited in the Description column. The
account name is indented under the debit account name.
The amount of the credit in the Credit Column.
4 0 0 0 00
4 0 0 0 00
(continued)
Glencoe Accounting Unit 2 Chapter 6 Copyright by The McGraw-Hill Companies, Inc. All rights reserved.
30
CHAPTER 6
Chapter 6 Review
Answer 1
Finally, in the Description column, record:
An explanation. Indent the explanation under the
credit account name.
4 0 0 0 00
Glencoe Accounting Unit 2 Chapter 6 Copyright by The McGraw-Hill Companies, Inc. All rights reserved.
4 0 0 0 00
31
CHAPTER 6
Chapter 6 Review
Question 2
Why do businesses separate their accounting records
into accounting periods?
Glencoe Accounting Unit 2 Chapter 6 Copyright by The McGraw-Hill Companies, Inc. All rights reserved.
32
CHAPTER 6
Chapter 6 Review
Answer 2
Businesses use accounting periods to make financial
comparisons possible. Comparisons of business
performance would be impossible if fiscal periods varied
in length.
Glencoe Accounting Unit 2 Chapter 6 Copyright by The McGraw-Hill Companies, Inc. All rights reserved.
33
Resources
Glencoe Accounting Unit 2 Chapter 6 Copyright by The McGraw-Hill Companies, Inc. All rights reserved.
34