tailieunhanh - Lecture College accounting (13/e): Chapter 4 - Price, Haddock, Farina

Chapter 4 - The general journal and the general ledger. After reading this chapter, you should be able to: Record transactions in the general journal, prepare compound journal entries, post journal entries to general ledger accounts, correct errors made in the journal or ledger, define the accounting terms new to this chapter. | 1- McGraw-Hill/Irwin Copyright © 2012 by The McGraw-Hill Companies, Inc. All rights reserved. The General Journal and the General Ledger Section 1: The General Journal Chapter 4 Section Objectives Record transactions in the general journal. Prepare compound journal entries. The Accounting Cycle Step 1 Analyze transactions Step 2 Journalize the data about transactions Step 7 Journalize closing entries Step 3 Post transactions to the ledger Step 4 Prepare a worksheet Step 5 Prepare financial statements Step 6 Journnalize adjusting entries Step 8 Prepare a postclosing trial balance Step 9 Evaluate and communicate financial information Step 1 Analyze and classify transactions Step 2 Journalize transactions A journal is a diary of business activities. There are different types of accounting journals. Transactions are entered in the journal in chronological order. Journal Objective 1 Record transactions in the general journal Enter the account to be debited. GENERAL JOURNAL PAGE | 1- McGraw-Hill/Irwin Copyright © 2012 by The McGraw-Hill Companies, Inc. All rights reserved. The General Journal and the General Ledger Section 1: The General Journal Chapter 4 Section Objectives Record transactions in the general journal. Prepare compound journal entries. The Accounting Cycle Step 1 Analyze transactions Step 2 Journalize the data about transactions Step 7 Journalize closing entries Step 3 Post transactions to the ledger Step 4 Prepare a worksheet Step 5 Prepare financial statements Step 6 Journnalize adjusting entries Step 8 Prepare a postclosing trial balance Step 9 Evaluate and communicate financial information Step 1 Analyze and classify transactions Step 2 Journalize transactions A journal is a diary of business activities. There are different types of accounting journals. Transactions are entered in the journal in chronological order. Journal Objective 1 Record transactions in the general journal Enter the account to be debited. GENERAL JOURNAL PAGE 1 DATE DESCRIPTION POST. DEBIT CREDIT REF. 2013 Nov. 6 Enter the account to be credited. Enter the amount on the same line in the Debit column. Enter the amount on the same line in the Credit column. Cash Carolyn Wells, Capital 100, 100, 1. Analyze the financial event. Recording a Business Transaction 2. Apply the rules of debit and credit. 3. Make the entry in T-account form. 4. Record the complete entry in general journal form. Identify the accounts affected. Classify the accounts affected. Determine the amount of increase or decrease for each account affected. a. Which account is debited? For what amount? b. Which account is credited? For what amount? The General Journal and the General Ledger Section 2: The General Ledger Chapter 4 Section Objectives 3. Post journal entries to general ledger accounts. 4. Correct errors made in the journal or ledger. Ledgers The ledger contains a separate form for each account. The third step of the accounting cycle is posting to the .

• Kế toán - Kiểm toán
• College accounting
• Lecture College accounting
• Financial statement
• Cost accounting
• General ledger
• General journal
• Job order cost accounting
• Accounting for sales
• Accounts receivable
• Accounting for purchases
• Accounts payable
• Closing procedures
• Accounting cycle
• Accounting principles
• Reporting standards
• Accounting for partnerships
• Allocating income
• Process cost accounting
• Process inventory
• Language of business
• Financial information
• Analyzing business transactions
• Financial interest
• T accounts
• The worksheet
• Trial balance
• Closing entries
• Postclosing trial balance
• Cash receipts
• Cash payments
• Payroll computations
• Payroll laws
• Payroll taxes
• Employee income tax
• Recording adjustments
• Uncollectible accounts
• Notes payable
• Notes receivable
• Merchandise inventory
• Inventory costing methods
• Disposition of assets
• Depreciation methods
• Capital stock transactions
• Capital stock
• Corporate earnings
• Capital transactions