1. JOURNALIZING PURCHASES ON ACCOUNT
March 2. Purchased merchandise on account from Pro Golf
Company, $7,254.00. Purchase Invoice No. 179.
Accounts Affected Classification Change Entered
Purchases Cost Increased Debit side
Accounts Payable Liability Increased Credit side
GENERAL LEDGER ACCOUNTS PAYABLE LEDGER
Purchases Pro Golf Company
normal balance normal balance
 7,254.00  7,254.00
Accounts Payable
normal balance
 7,254.00
Lesson 18-1, page 463
© South-Western
Educational Publishing

2. JOURNALIZING PURCHASES ON ACCOUNT
1 2
3 4
1. Date
2. Vendor Name
3. Purchase Invoice Number
4. Purchase Invoice Amount
Lesson 18-1, page 463
© South-Western
Educational Publishing

3. POSTING FROM A PURCHASES JOURNAL TO AN
ACCOUNTS PAYABLE LEDGER
5
1 2
3 4
1. Date 4. Balance
2. Journal Page Number 5. Vendor Number
3. Credit
Lesson 18-1, page 464
© South-Western
Educational Publishing

4. POSTING FROM A PURCHASES JOURNAL TO A
GENERAL LEDGER
1. Rule a single line.
2. Write the date.
1 3. Write word Total.
2 4. Add the amount
3 4 column, write total,
rule double lines.
5 5. Post the amount total
to the Debit column of
Purchases.
6. Post the amount total
to the Credit column
of Accounts Payable.
6
Lesson 18-1, page 464
© South-Western
Educational Publishing

5. TERMS REVIEW
corporation
share of stock
capital stock
Lesson 18-1, page 459
© South-Western
Educational Publishing