Lesson 9 1
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Lesson 9 1 Lesson 9 1 Presentation Transcript

  • LESSON 9-1 Journalizing Purchases Using a Purchases Journal CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
  • 2 PURCHASING MERCHANDISE CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning page 236 LESSON 9-1
  • 3 PURCHASES ON ACCOUNT CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning page 236 LESSON 9-1
  • 4 PURCHASES JOURNAL CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning page 237 LESSON 9-1
  • 5 PURCHASE INVOICE page 238 1 4 2 3 1. Stamp the date received and purchase invoice number. 3. Initials of the person who checked the invoice. 2. Place a check mark by each amount. 4. Review the vendor’s terms. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 9-1
  • PURCHASING MERCHANDISE ON ACCOUNT 6 page 239 November 2. Purchased merchandise on account from Crown Distributing, $2,039.00. Purchase Invoice No. 83. 2 1 1. 2. 3. 4. 3 4 Write the date. Write the vendor name. Write the purchase invoice number. Write the amount of the invoice. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 9-1
  • 7 TOTALING AND RULING A PURCHASES JOURNAL page 240 1 2 4 3 1. Rule a single line across the amount column. 2. Write the date. 3. Write the word Total. 4. Add the amount column. 5. Write the total. 6. Rule double lines across the amount column. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 9-1 5 6
  • 8 TERMS REVIEW  merchandise  merchandising business  retail merchandising business  wholesale merchandising business  corporation  share of stock  capital stock  stockholder page 241          special journal cost of merchandise markup vendor purchase on account purchases journal special amount column purchase invoice terms of sale CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 9-1