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CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
LESSON 24-1LESSON 24-1
Recording International
Sales
2
LESSON 24-1CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
JOURNALIZING ANJOURNALIZING AN
INTERNATIONAL SAL...
3
LESSON 24-1CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
JOURNALIZING TIME DRAFTSJOURNALIZING TIME DRAFTS...
4
LESSON 24-1CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
JOURNALIZING CASH RECEIPTSJOURNALIZING CASH RECE...
5
LESSON 24-1CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
TERMS REVIEWTERMS REVIEW
 exports
 imports
 c...
5
LESSON 24-1CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
TERMS REVIEWTERMS REVIEW
 exports
 imports
 c...
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Lesson 24 1

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Transcript of "Lesson 24 1"

  1. 1. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 24-1LESSON 24-1 Recording International Sales
  2. 2. 2 LESSON 24-1CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning JOURNALIZING ANJOURNALIZING AN INTERNATIONAL SALEINTERNATIONAL SALE 11 22 33 44 55 66 page 706 April 1. Recorded international cash sale, $5,000.00. Memorandum 45. 1. Write the date. 2. Place a check mark. 3. Write the source document number. 4. Place a check mark in the Post. Ref. column. 5. Write the sale amount in the Sales Credit column. 6. Write the sale amount in the Cash Debit column.
  3. 3. 3 LESSON 24-1CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning JOURNALIZING TIME DRAFTSJOURNALIZING TIME DRAFTS 11 22 33 44 55 66 page 707 May 10. Received a 60-day, time draft from Simov Co. for an international sale, $6,000.00. Time Draft No. 12. 4. Sale amount debit1. Date 2. Account debited 6. Sale amount credit3. Time draft number 5. Account credited
  4. 4. 4 LESSON 24-1CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning JOURNALIZING CASH RECEIPTSJOURNALIZING CASH RECEIPTS FROM TIME DRAFTSFROM TIME DRAFTS 11 22 33 44 55 page 708 July 9. Received cash for the value of Time Draft No. 12, $6,000.00. Receipt No. 465. 5. Amount received debit 4. Amount received credit 3. Receipt number 2. Account title 1. Date
  5. 5. 5 LESSON 24-1CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning TERMS REVIEWTERMS REVIEW  exports  imports  contract of sale  letter of credit  bill of lading  commercial invoice  draft  sight draft  time draft  trade acceptance page 709
  6. 6. 5 LESSON 24-1CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning TERMS REVIEWTERMS REVIEW  exports  imports  contract of sale  letter of credit  bill of lading  commercial invoice  draft  sight draft  time draft  trade acceptance page 709
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