Professional Documents
Culture Documents
1
OBJECTIVE are used to record business transactions.
2-1 LO 1
The Account
2-2 LO 1
Debits and Credits
Account Name
Debit / Dr. Credit / Cr.
Balance $15,000
2-3 LO 1
Debits and Credits
Account Name
Debit / Dr. Credit / Cr.
Balance $1,000
2-4 LO 1
Debits and Credits
increase side.
Liabilities
Debit / Dr. Credit / Cr.
Normal Balance
Chapter
3-24
2-5 LO 1
Debits and Credits
2-6 LO 1
Debits and Credits
Normal Balance
Chapter
3-27
2-7 LO 1
Debits/Credits Rules
Liabilities
Debit / Dr. Credit / Cr.
Normal
Normal Normal
Normal
Balance
Balance Balance
Balance
Debit
Debit Credit
Credit Normal Balance
Assets Chapter
3-24
Owner’s Equity
Debit / Dr. Credit / Cr.
Debit / Dr. Credit / Cr.
Normal Balance
Normal Balance
Chapter
3-23
Expense Chapter
3-25
Revenue
Debit / Dr. Credit / Cr.
Debit / Dr. Credit / Cr.
Normal Balance
Normal Balance
Chapter
3-27 Chapter
3-26
2-8 LO 1
Debits/Credits Rules
Debit
Credit
2-9 LO 1
Debits/Credits Rules
Question
Debits:
2-10 LO 1
Debits/Credits Rules
Question
Accounts that normally have debit balances are:
2-11 LO 1
Summary of Debit/Credit Rules
Expanded
Equation
Debit/Credit
Effects
2-12 LO 1
LEARNING Indicate how a journal is used in the
2
OBJECTIVE recording process.
The Journal
Book of original entry.
Transactions recorded in chronological order.
Contributions to the recording process:
1. Discloses the complete effects of a transaction.
2-14 LO 2
Steps in the Recording Process
GENERAL JOURNAL
Date Account Title Ref. Debit Credit
Sept. 1 Cash 15,000
Owner’s Capital 15,000
Equipment 7,000
Cash 7,000
2-15 LO 2
Steps in the Recording Process
GENERAL JOURNAL
Date Account Title Ref. Debit Credit
July 1 Equipment 14,000
Cash 8,000
Accounts payable 6,000
2-16 LO 2
DO IT! 2 Recording Business Activities
2-17 LO 2
DO IT! 2 Recording Business Activities
The Ledger
General Ledger contains all the asset, liability, and owner’s
equity accounts.
Illustration 2-15
2-19 LO 3
The Ledger
2-20 LO 3
Ledger
POSTING
Transferring
journal entries
to the ledger
accounts.
Illustration 2-17
Posting a journal
entry
2-21 LO 3
T Account
2-22
Posting
Question
Posting:
a. normally occurs before journalizing.
b. transfers ledger transaction data to the journal.
c. is an optional step in the recording process.
d. transfers journal entries to ledger accounts.
2-23 LO 3
The Recording Process Illustrated
Illustration 2-19
2-24 LO 3
Illustration 2-20
2-25 Purchase of office equipment LO 3
Illustration 2-21
Receipt of cash
for future service
2-26 LO 3
Illustration 2-22
2-27 Payment of monthly rent LO 3
Illustration 2-23
Payment for
insurance
2-28 LO 3
Illustration 2-24
2-29 Purchase of supplies on credit LO 3
The Recording Process Illustrated
Bagaimana Bagaimana
pencatatan pencatatan
tanggal 15 tanggal 26
Oktober? Oktober?
2-34 LO 3
2-35 Illustration 2-29 LO 3
Illustration 2-30
2-36
LO 3
DO IT! 3 Posting
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LEARNING
OBJECTIVE
4 Prepare a trial balance.
2-39 LO 4
Trial Balance
Question
A trial balance will not balance if:
a. a correct journal entry is posted twice.
b. the purchase of supplies on account is debited to Supplies
and credited to Cash.
c. a $100 cash drawing by the owner is debited to Owner’s
Drawing for $1,000 and credited to Cash for $100.
d. a $450 payment on account is debited to Accounts
Payable for $45 and credited to Cash for $45.
2-40 LO 4
DO IT! 4 Trial Balance
2-41 LO 4
DO IT! 4 Trial Balance
2-42
LO 4