1) The chapter discusses the recording process in accounting, which involves journalizing transactions, posting to ledger accounts, and preparing a trial balance.
2) Key aspects of the recording process are explained, including what accounts, debits and credits are and how they are used. Debits increase assets and expenses, and decrease liabilities, equity, and revenues. Credits have the opposite effect.
3) The steps in the recording process are journalizing, posting to ledger accounts, and preparing a trial balance to check for errors. Journalizing records transactions, posting transfers journal entries to individual accounts in the ledger, and a trial balance checks that total debits equal total credits.
1.introduction to different types of hazards [autosaved]TimothyPaulGuinto1
The document defines hazards as dangerous phenomena that can cause harm, and categorizes them as either natural or man-made. It lists examples of common hazards like floods, fires, storms, and pollution. The goal is for students to understand what hazards are, their different types, and their potential impacts on environments.
The document discusses different methods for transporting an injured person based on factors like the victim's weight, injuries, and the number of rescuers available. It describes one-man transports like the fireman's carry, piggyback, and shoulder drag. Methods for 3 or more rescuers include the hammock carry and blanket drag. Two-person carries include the chair carry and bearer alongside. Considerations for transport include the victim's condition, environment, and any special needs due to injuries. Training is needed to properly assess the situation and use appropriate techniques.
This document provides information about Neoclassicism between 1780-1840 including key artists and characteristics of Neoclassical artworks and architecture. It discusses Jacques-Louis David and Jean-Auguste-Dominique Ingres as major French painters of the period known for their depictions of Roman history and mythology. It also outlines the sculptors Antonio Canova and Bertel Thorvaldsen and describes some of their famous Neoclassical sculptures. Finally, it identifies the Temple Style, Palladian Style, and Classic Block Style as the three major types of Neoclassical architecture.
The document discusses outdoor recreational activities. It lists many land, water, and air activities and describes the benefits of recreation, including physical and mental health as well as social and economic benefits. The document emphasizes that recreation allows people to refresh themselves during leisure time through activities that involve interacting with nature. Guidelines are provided for determining what outdoor activities to participate in and how to respect the environment and others.
First Aid of Common Emergencies in Outdoor ActivitiesLeelet1121
This document provides first aid instructions for common outdoor injuries and emergencies. It describes how to treat minor cuts, scrapes, punctures, sprains, strains, fractures, concussions, blisters, and burns. For cuts, apply antibiotic cream and a sterile bandage. Apply RICE (rest, ice, compression, elevation) for sprains and strains. Immobilize fractures and apply pressure to bleeding wounds. Watch for symptoms requiring emergency help like vomiting or confusion after a concussion. Cover blisters with adhesive or moleskin. For burns, immerse in cool water and apply sterile bandages without ointment. Seek immediate medical help for severe bleeding, suspected internal bleeding, or fractures where bones
Grade 10 Health - Learning Material {Unit 1: Consumer Health}Paolo Dagaojes
This document discusses consumer health and is divided into several sections. It begins with an introduction that defines consumer health as developing the ability to evaluate and utilize health information, products, and services effectively. It notes that all people are consumers of these and must make wise selections. The next section outlines 10 learning competencies around differentiating reliable and unreliable health information. It also discusses evaluating health services and professionals. The document provides several pre-assessment activities, including a crossword puzzle and case study, to gauge existing knowledge on consumer health topics.
1) The document discusses risk management of outdoor activities and provides tips to reduce risks. It identifies various hazards of outdoor activities like adverse weather, UV exposure, and injuries.
2) The three main steps of risk management are identified as risk identification, risk assessment, and risk reduction. Risk identification involves finding hazards, risk assessment rates the probability of incidents, and risk reduction implements strategies to minimize risks.
3) Essential tips for outdoor safety include traveling with companions, being physically fit, wearing proper clothing, checking equipment, and learning first aid. Proper preparation of skills, physical fitness, and awareness of weather conditions are emphasized to reduce risks of outdoor activities.
This document discusses dance injury prevention for the PSU Dance Corps. It provides an overview of the group and goals of injury prevention education. Key points covered include common dance injuries, injury risks, and prevention strategies like proper stretching, nutrition, rest, and modifying techniques. Participants demonstrated improved stretching technique and expressed interest in further injury prevention education.
1.introduction to different types of hazards [autosaved]TimothyPaulGuinto1
The document defines hazards as dangerous phenomena that can cause harm, and categorizes them as either natural or man-made. It lists examples of common hazards like floods, fires, storms, and pollution. The goal is for students to understand what hazards are, their different types, and their potential impacts on environments.
The document discusses different methods for transporting an injured person based on factors like the victim's weight, injuries, and the number of rescuers available. It describes one-man transports like the fireman's carry, piggyback, and shoulder drag. Methods for 3 or more rescuers include the hammock carry and blanket drag. Two-person carries include the chair carry and bearer alongside. Considerations for transport include the victim's condition, environment, and any special needs due to injuries. Training is needed to properly assess the situation and use appropriate techniques.
This document provides information about Neoclassicism between 1780-1840 including key artists and characteristics of Neoclassical artworks and architecture. It discusses Jacques-Louis David and Jean-Auguste-Dominique Ingres as major French painters of the period known for their depictions of Roman history and mythology. It also outlines the sculptors Antonio Canova and Bertel Thorvaldsen and describes some of their famous Neoclassical sculptures. Finally, it identifies the Temple Style, Palladian Style, and Classic Block Style as the three major types of Neoclassical architecture.
The document discusses outdoor recreational activities. It lists many land, water, and air activities and describes the benefits of recreation, including physical and mental health as well as social and economic benefits. The document emphasizes that recreation allows people to refresh themselves during leisure time through activities that involve interacting with nature. Guidelines are provided for determining what outdoor activities to participate in and how to respect the environment and others.
First Aid of Common Emergencies in Outdoor ActivitiesLeelet1121
This document provides first aid instructions for common outdoor injuries and emergencies. It describes how to treat minor cuts, scrapes, punctures, sprains, strains, fractures, concussions, blisters, and burns. For cuts, apply antibiotic cream and a sterile bandage. Apply RICE (rest, ice, compression, elevation) for sprains and strains. Immobilize fractures and apply pressure to bleeding wounds. Watch for symptoms requiring emergency help like vomiting or confusion after a concussion. Cover blisters with adhesive or moleskin. For burns, immerse in cool water and apply sterile bandages without ointment. Seek immediate medical help for severe bleeding, suspected internal bleeding, or fractures where bones
Grade 10 Health - Learning Material {Unit 1: Consumer Health}Paolo Dagaojes
This document discusses consumer health and is divided into several sections. It begins with an introduction that defines consumer health as developing the ability to evaluate and utilize health information, products, and services effectively. It notes that all people are consumers of these and must make wise selections. The next section outlines 10 learning competencies around differentiating reliable and unreliable health information. It also discusses evaluating health services and professionals. The document provides several pre-assessment activities, including a crossword puzzle and case study, to gauge existing knowledge on consumer health topics.
1) The document discusses risk management of outdoor activities and provides tips to reduce risks. It identifies various hazards of outdoor activities like adverse weather, UV exposure, and injuries.
2) The three main steps of risk management are identified as risk identification, risk assessment, and risk reduction. Risk identification involves finding hazards, risk assessment rates the probability of incidents, and risk reduction implements strategies to minimize risks.
3) Essential tips for outdoor safety include traveling with companions, being physically fit, wearing proper clothing, checking equipment, and learning first aid. Proper preparation of skills, physical fitness, and awareness of weather conditions are emphasized to reduce risks of outdoor activities.
This document discusses dance injury prevention for the PSU Dance Corps. It provides an overview of the group and goals of injury prevention education. Key points covered include common dance injuries, injury risks, and prevention strategies like proper stretching, nutrition, rest, and modifying techniques. Participants demonstrated improved stretching technique and expressed interest in further injury prevention education.
Mountain biking is an extreme sport that originated in Kamloops, BC. It involves riding bikes on rugged terrain and building jumps. Safety equipment like helmets is recommended due to the high risk of injury. There are different types of mountain biking like downhill and dirt jumping defined by the bike setup and terrain. Proper technique and respect for trails is important in the sport. Some riders gain sponsorship and promote themselves through competition and creating web videos.
This document provides an overview of first aid. It defines first aid as immediate and temporary care given to someone who is injured or suddenly becomes ill, including self-care if medical assistance is delayed. First aid acts as a bridge between the victim and medical help by a physician. The objectives of first aid are to save lives, prolong life, prevent further injury, and alleviate suffering. Characteristics of a good first aider are also described, along with principles of first aid such as not giving food or drink to an unconscious person. The class is divided into groups to discuss and present their thoughts on important aspects of first aid.
This document provides guidelines for positioning and moving patients in emergency situations:
- Reposition patients only when necessary, placing unresponsive and non-trauma patients in the recovery position on their side. Do not move trauma patients unless treating a life-threatening condition.
- Carry patients using proper lifting techniques to prevent injury, checking for injuries first. Use emergency carries like the firefighter's carry or pack-strap carry only if the patient faces immediate danger and you cannot otherwise provide care.
- When moving a patient with help, use assisted walking, two-person seat carries, or extremity carries down steps, supporting the patient's weight appropriately. Control bleeding through direct pressure, elevation, pressure bandages,
The document provides information on first aid, including roles and responsibilities of first aiders, objectives of first aid, characteristics of good first aiders, basic precautions and practices, emergency action principles, vital signs, common injuries and their treatments. It discusses how to assess patients, treat wounds, bleeding, burns, and transport patients. The goals of first aid are to prevent further injury, prolong life, and alleviate suffering by bridging the gap between injury and medical care.
Media and Information Literacy (MIL) - Digital Citizenship, Netiquette, Digit...Arniel Ping
Media and Information Literacy (MIL) - Digital Citizenship, Netiquette, Digital Footprints, and Digital Issues
Topic: Legal, Ethical, and Societal Issues in Media and Information (Part 2)
Learning Competencies
1. explain digital citizenship, netiquette, and digital footprints (SSHS);
2. demonstrate proper conduct and behavior online (netiquette, virtual self) (MIL11/12LESI-IIIg18);
3. Identify some of the digital issues in the Philippines (SSHS);
4. put into action personal resolve to combat digital divide, addiction, and bullying (MIL11/12LESI-IIIg19)
5. explain actions to promote ethical use of media and information (MIL11/12LESI-IIIg22)
6. enumerate opportunities and challenges in media and information (MIL12LESI-IIIg-23)
1) Stay calm in an emergency situation as panic will only make things worse.
2) Remember the D.R.A.B.C. protocol: check for Danger, get a Response, send for help by shouting A for help, open the Airway, and check for Breathing.
3) If the person is unconscious, not breathing, and has no pulse, perform CPR by giving 30 chest compressions followed by 2 rescue breaths, repeating until help arrives or signs of movement.
This document provides information on soft tissue injuries and field care management. It describes different types of closed and open wounds like contusions, lacerations, and amputations. It explains the principles of sterile dressing and how to apply primary and secondary dressings for various injuries like the head, eye, shoulder, leg, and amputated limbs. It provides steps for managing impaled objects and eviscerations. The objectives are to describe soft tissue injuries, sterile dressings, and apply first aid for wounds.
This document outlines a lesson plan on opportunities, challenges, and the power of media and information. The lesson plan aims to help students understand opportunities and challenges of media, create infographics on the topic, and research examples of media affecting change. The plan includes formative assessments like discussion of media definitions, analysis of cartoons about truth and media, and student presentations. It also covers cybercrime issues in the Philippines and provides sample infographics and a written assignment for students to analyze a news article about media affecting change.
1. The document provides information about Physical Education and Health Module 5, which discusses safety guidelines and activities to avoid conditions like dehydration, overexertion, hypothermia, and hyperthermia during moderate to vigorous physical activity.
2. It includes a pre-test to assess knowledge of these conditions, descriptions of each condition, signs and symptoms, and first aid measures.
3. Several enrichment activities are provided to help students identify, compare and contrast the different conditions, as well as create educational materials about safety protocols.
This document provides information about sports officiating as a module in Physical Education 9. It includes an introduction to sports officiating, pre-assessment activities such as a PAR-Q questionnaire and fitness assessment, instructional activities focused on first aid, and readings on common injuries and their treatment. The goal is to introduce students to the roles and responsibilities of sports officials while also improving their fitness, management skills, and behaviors through both classroom and practical activities related to officiating games.
Multimedia refers to the combination of different forms of media such as text, audio, images, animation, and video. It can be static, only presenting content without interactivity, or dynamic, allowing users to interact with and contribute to the content. Multimedia is used widely in fields like education, journalism, science, and creative industries to engage audiences and enhance learning. It has become essential to modern communication through technologies like smartphones that integrate multiple media types into a single device.
This document outlines learning objectives and content about different types of media. It discusses print media like newspapers, magazines, and books. It covers broadcast media such as radio and television. It also describes online/new media including online streaming, social media, and the internet. It provides examples of how different types of media can converge on various platforms and discusses the impact of media in everyday life. Students are expected to classify different media sources, define media convergence, and demonstrate how media affects them through a sketch.
Nature and Background of Outdoor RecreationLeelet1121
The document discusses outdoor recreation, defining it as organized activities done during free time that involve interaction between humans and nature. It identifies various outdoor recreational activities like swimming, skydiving, kayaking, and classifies them as land, water or air activities. The document also lists benefits of outdoor recreational activities, including physical, psycho-emotional, social, economic, and spiritual health benefits.
The document summarizes the key steps in the accounting recording process:
1. Business transactions are analyzed and recorded in journals.
2. Journal entries are then posted to individual ledger accounts.
3. A trial balance is prepared that lists account balances and ensures total debits equal total credits.
The recording process tracks increases and decreases to asset, liability, equity, revenue and expense accounts using debits and credits to keep the accounting equation in balance. Journals provide the initial record of transactions while ledgers compile account details.
1) An account is used to record increases and decreases in assets, liabilities, equity, revenue, and expenses. Accounts help in the recording process by tracking changes to specific items.
2) The double-entry system requires every transaction to affect at least two accounts to keep the accounting equation in balance. Transactions are recorded by debiting at least one account and crediting another account.
3) The basic steps in the recording process are to analyze each transaction, enter the transaction in a journal, and then transfer the journal information to individual ledger accounts.
This document provides an overview of the accounting recording process. It defines key terms like accounts, debits and credits, journals, ledgers, and posting. Specifically, it explains that accounts track increases and decreases in assets, liabilities, equity, revenues and expenses. Transactions are initially recorded in journals and then posted to the relevant accounts in the general ledger. Posting transfers information from the journal to update account balances. Together, journals, ledgers, and posting provide a chronological record of transactions to keep the accounting equation in balance.
Mountain biking is an extreme sport that originated in Kamloops, BC. It involves riding bikes on rugged terrain and building jumps. Safety equipment like helmets is recommended due to the high risk of injury. There are different types of mountain biking like downhill and dirt jumping defined by the bike setup and terrain. Proper technique and respect for trails is important in the sport. Some riders gain sponsorship and promote themselves through competition and creating web videos.
This document provides an overview of first aid. It defines first aid as immediate and temporary care given to someone who is injured or suddenly becomes ill, including self-care if medical assistance is delayed. First aid acts as a bridge between the victim and medical help by a physician. The objectives of first aid are to save lives, prolong life, prevent further injury, and alleviate suffering. Characteristics of a good first aider are also described, along with principles of first aid such as not giving food or drink to an unconscious person. The class is divided into groups to discuss and present their thoughts on important aspects of first aid.
This document provides guidelines for positioning and moving patients in emergency situations:
- Reposition patients only when necessary, placing unresponsive and non-trauma patients in the recovery position on their side. Do not move trauma patients unless treating a life-threatening condition.
- Carry patients using proper lifting techniques to prevent injury, checking for injuries first. Use emergency carries like the firefighter's carry or pack-strap carry only if the patient faces immediate danger and you cannot otherwise provide care.
- When moving a patient with help, use assisted walking, two-person seat carries, or extremity carries down steps, supporting the patient's weight appropriately. Control bleeding through direct pressure, elevation, pressure bandages,
The document provides information on first aid, including roles and responsibilities of first aiders, objectives of first aid, characteristics of good first aiders, basic precautions and practices, emergency action principles, vital signs, common injuries and their treatments. It discusses how to assess patients, treat wounds, bleeding, burns, and transport patients. The goals of first aid are to prevent further injury, prolong life, and alleviate suffering by bridging the gap between injury and medical care.
Media and Information Literacy (MIL) - Digital Citizenship, Netiquette, Digit...Arniel Ping
Media and Information Literacy (MIL) - Digital Citizenship, Netiquette, Digital Footprints, and Digital Issues
Topic: Legal, Ethical, and Societal Issues in Media and Information (Part 2)
Learning Competencies
1. explain digital citizenship, netiquette, and digital footprints (SSHS);
2. demonstrate proper conduct and behavior online (netiquette, virtual self) (MIL11/12LESI-IIIg18);
3. Identify some of the digital issues in the Philippines (SSHS);
4. put into action personal resolve to combat digital divide, addiction, and bullying (MIL11/12LESI-IIIg19)
5. explain actions to promote ethical use of media and information (MIL11/12LESI-IIIg22)
6. enumerate opportunities and challenges in media and information (MIL12LESI-IIIg-23)
1) Stay calm in an emergency situation as panic will only make things worse.
2) Remember the D.R.A.B.C. protocol: check for Danger, get a Response, send for help by shouting A for help, open the Airway, and check for Breathing.
3) If the person is unconscious, not breathing, and has no pulse, perform CPR by giving 30 chest compressions followed by 2 rescue breaths, repeating until help arrives or signs of movement.
This document provides information on soft tissue injuries and field care management. It describes different types of closed and open wounds like contusions, lacerations, and amputations. It explains the principles of sterile dressing and how to apply primary and secondary dressings for various injuries like the head, eye, shoulder, leg, and amputated limbs. It provides steps for managing impaled objects and eviscerations. The objectives are to describe soft tissue injuries, sterile dressings, and apply first aid for wounds.
This document outlines a lesson plan on opportunities, challenges, and the power of media and information. The lesson plan aims to help students understand opportunities and challenges of media, create infographics on the topic, and research examples of media affecting change. The plan includes formative assessments like discussion of media definitions, analysis of cartoons about truth and media, and student presentations. It also covers cybercrime issues in the Philippines and provides sample infographics and a written assignment for students to analyze a news article about media affecting change.
1. The document provides information about Physical Education and Health Module 5, which discusses safety guidelines and activities to avoid conditions like dehydration, overexertion, hypothermia, and hyperthermia during moderate to vigorous physical activity.
2. It includes a pre-test to assess knowledge of these conditions, descriptions of each condition, signs and symptoms, and first aid measures.
3. Several enrichment activities are provided to help students identify, compare and contrast the different conditions, as well as create educational materials about safety protocols.
This document provides information about sports officiating as a module in Physical Education 9. It includes an introduction to sports officiating, pre-assessment activities such as a PAR-Q questionnaire and fitness assessment, instructional activities focused on first aid, and readings on common injuries and their treatment. The goal is to introduce students to the roles and responsibilities of sports officials while also improving their fitness, management skills, and behaviors through both classroom and practical activities related to officiating games.
Multimedia refers to the combination of different forms of media such as text, audio, images, animation, and video. It can be static, only presenting content without interactivity, or dynamic, allowing users to interact with and contribute to the content. Multimedia is used widely in fields like education, journalism, science, and creative industries to engage audiences and enhance learning. It has become essential to modern communication through technologies like smartphones that integrate multiple media types into a single device.
This document outlines learning objectives and content about different types of media. It discusses print media like newspapers, magazines, and books. It covers broadcast media such as radio and television. It also describes online/new media including online streaming, social media, and the internet. It provides examples of how different types of media can converge on various platforms and discusses the impact of media in everyday life. Students are expected to classify different media sources, define media convergence, and demonstrate how media affects them through a sketch.
Nature and Background of Outdoor RecreationLeelet1121
The document discusses outdoor recreation, defining it as organized activities done during free time that involve interaction between humans and nature. It identifies various outdoor recreational activities like swimming, skydiving, kayaking, and classifies them as land, water or air activities. The document also lists benefits of outdoor recreational activities, including physical, psycho-emotional, social, economic, and spiritual health benefits.
The document summarizes the key steps in the accounting recording process:
1. Business transactions are analyzed and recorded in journals.
2. Journal entries are then posted to individual ledger accounts.
3. A trial balance is prepared that lists account balances and ensures total debits equal total credits.
The recording process tracks increases and decreases to asset, liability, equity, revenue and expense accounts using debits and credits to keep the accounting equation in balance. Journals provide the initial record of transactions while ledgers compile account details.
1) An account is used to record increases and decreases in assets, liabilities, equity, revenue, and expenses. Accounts help in the recording process by tracking changes to specific items.
2) The double-entry system requires every transaction to affect at least two accounts to keep the accounting equation in balance. Transactions are recorded by debiting at least one account and crediting another account.
3) The basic steps in the recording process are to analyze each transaction, enter the transaction in a journal, and then transfer the journal information to individual ledger accounts.
This document provides an overview of the accounting recording process. It defines key terms like accounts, debits and credits, journals, ledgers, and posting. Specifically, it explains that accounts track increases and decreases in assets, liabilities, equity, revenues and expenses. Transactions are initially recorded in journals and then posted to the relevant accounts in the general ledger. Posting transfers information from the journal to update account balances. Together, journals, ledgers, and posting provide a chronological record of transactions to keep the accounting equation in balance.
1. The recording process in accounting involves analyzing business transactions, recording them in a journal, and then posting the journal entries to individual accounts in the general ledger.
2. A journal is a book of original entry where transactions are recorded in chronological order. Journalizing transactions helps ensure the complete effects are disclosed and prevents errors through balancing debits and credits.
3. Posting transfers journal entry information to accounts in the general ledger. The general ledger contains all asset, liability, equity, revenue, and expense accounts and is used to prepare financial statements.
This document discusses key accounting concepts including accounts, the accounting cycle, debits and credits, journals, and trial balances. It explains that accounts track increases and decreases as debits and credits. There are permanent accounts on the balance sheet and temporary accounts for the income statement. The accounting cycle involves recording transactions, posting to ledgers, preparing trial balances, and generating financial statements. Debits increase assets and expenses and decrease liabilities, owners' equity, and revenues. Credits have the opposite effect. The journal records transactions and the trial balance proves the accounting equation that debits equal credits.
The document discusses analyzing and recording transactions. It covers the key steps which are:
1) Analyzing each transaction from source documents.
2) Recording relevant transactions in a journal.
3) Posting journal information to ledger accounts.
The document provides an introduction and overview of accounting principles and the accounting process. It discusses key concepts such as:
- What accounting is and its basic features
- The double-entry system of accounting and rules for debit and credit entries
- The basic steps in the accounting process including recording transactions, classifying, summarizing, and interpreting reports
- Key accounting documents like vouchers, journals, ledgers, and trial balances
- How basic financial reports like the income statement and balance sheet are prepared
The summary outlines the essential high-level information about accounting fundamentals and the accounting cycle contained within the document.
The document provides an overview of the key steps and concepts in the accounting recording process, including:
1. Defining accounts, debits and credits, journals, ledgers, and the trial balance. Accounts track increases and decreases to specific items and use debits and credits to record transactions.
2. Outlining the basic steps as analyzing transactions, journalizing, posting to ledger accounts, and preparing a trial balance. Journals provide a chronological record and ledgers contain all accounts.
3. Explaining the purposes and limitations of the trial balance in checking that debits equal credits but not ensuring all transactions are recorded correctly.
1) The document discusses the recording process in accounting, which involves using accounts, debits and credits, journals, ledgers, and posting to record business transactions.
2) It defines key terms like accounts, debits and credits, journals, ledgers, and explains how transactions are recorded in the steps of journalizing, posting, and preparing T-accounts.
3) The recording process is illustrated through examples of various business transactions and how they are recorded in journals and ledgers using debits and credits to ensure the accounting equation stays in balance.
The document discusses key accounting principles such as revenue recognition, matching principle, and adjusting entries. It defines different types of adjusting entries including prepaid expenses, unearned revenues, accrued revenues, and accrued expenses. Examples are provided for journal entries to record accrued revenues and expenses. The summary identifies the major concepts covered in the document which are the different types of adjusting entries and how to prepare adjusting entries for accruals.
The document summarizes key aspects of the accounting recording process. It explains that the recording process involves (1) analyzing transactions, (2) journalizing transactions by recording them in a journal, and (3) posting journal entries to individual accounts in the general ledger. It also describes what a journal and general ledger are and how they are used. The chapter concludes by explaining what a trial balance is and that its purpose is to ensure total debits equal total credits.
Accounting - Lesson 4 : Transactions That Affect Assets Liabilities, and O...Elearningpower
This course covers the complete accounting cycle and is designed for those
who are interested in working in the areas of bookkeeping, clerical
accounting, finance or general office work or are looking to review their
accounting knowledge.Our accounting course teaches principles of
accounting, which are consistent across the globe. Even though there may
be minor differences in accounting principles in different countries, the core
accounting principles are the same.
Here are the steps to analyze and post a journal entry:
1. Analyze the journal entry to determine the accounts involved and whether each account increased or decreased.
2. Determine if each account is an asset, liability, equity, revenue or expense account based on the general ledger chart of accounts.
3. Translate increases in asset and expense accounts and decreases in liability, equity and revenue accounts into debits, and increases in liability, equity and revenue accounts and decreases in asset and expense accounts into credits.
4. Record the debits and credits in the appropriate general ledger accounts.
Posting
Question
LO 6
The document provides details on recording business transactions for Pioneer Advertising Agency using journal entries. It lists 11 transactions in chronological order from January 10 to October 31, including C.R. Byrd investing cash to start the business, purchasing office equipment, receiving cash from a client in advance, paying rent and insurance, purchasing supplies on credit, hiring employees, Byrd withdrawing cash, paying employee salaries, and receiving cash from a client for services. For each transaction, the general journal is updated with debits and credits to the appropriate accounts.
Salman Ali presented on accounting transactions and their analysis. Key points included:
1) Accounting transactions record money coming into and going out of a business, such as investments, revenues, withdrawals, and normal expenses. Transactions are recorded using a five step approach and double entry system.
2) Accountants classify transactions as debits or credits based on whether the entry is on the left or right side of the account.
3) The accounting equation balances assets with liabilities and owners' equity. A "debit" increases expenses, assets, or drawings while a "credit" increases liabilities, income, or capital.
Accounting - Lesson 5 : Transactions That Affect Revenue, Expenses and Withdr...Elearningpower
This course covers the complete accounting cycle and is designed for those
who are interested in working in the areas of bookkeeping, clerical
accounting, finance or general office work or are looking to review their
accounting knowledge.Our accounting course teaches principles of
accounting, which are consistent across the globe. Even though there may
be minor differences in accounting principles in different countries, the core
accounting principles are the same.
2. CHAPTER 2
THE RECORDING
PROCESS
Accounting Principles, Eighth Edition
Chapter
2-2
3. Study Objectives
Study Objectives
1. Explain what an account is and how it helps in the
recording process.
2. Define debits and credits and explain their use in
recording business transactions.
3. Identify the basic steps in the recording process.
4. Explain what a journal is and how it helps in the
recording process.
5. Explain what a ledger is and how it helps in the
recording process.
6. Explain what posting is and how it helps in the
recording process.
7. Prepare a trial balance and explain its purposes.
Chapter
2-3
4. The Recording Process
The Recording Process
Steps in the
Steps in the The Recording
The Recording
The Trial
The Trial
The Account
The Account Recording
Recording Process
Process
Balance
Balance
Process
Process Illustrated
Illustrated
Debits and Journal Summary Limitations of a
credits Ledger illustration of trial balance
Expansion of journalizing Locating errors
basic equation and posting
Use of dollar
signs
Chapter
2-4
5. The Account
The Account
Record of increases and decreases
Account in a specific asset, liability, equity,
revenue, or expense item.
Debit = “Left”
Credit = “Right”
An Account can Account Name
be illustrated in a Debit / Dr. Credit / Cr.
T-Account
form.
Chapter
2-5 LO 1 Explain what an account is and how it helps in the recording process.
6. Debits and Credits
Debits and Credits
Double-entry accounting system
Each transaction must affect two or more
accounts to keep the basic accounting equation
in balance.
Recording done by debiting at least one
account and crediting another.
DEBITS must equal CREDITS.
Chapter LO 2 Define debits and credits and explain their
2-6
use in recording business transactions.
7. Debits and Credits
Debits and Credits
If Debits are greater than Credits, the account
will have a debit balance.
Account Name
Debit / Dr. Credit / Cr.
Transaction #1 $10,000 $3,000 Transaction #2
Transaction #3 8,000
Balance $15,000
Chapter LO 2 Define debits and credits and explain their
2-7
use in recording business transactions.
8. Debits and Credits
Debits and Credits
If Credits are greater than Debits, the account
will have a credit balance.
Account Name
Debit / Dr. Credit / Cr.
Transaction #1 $10,000 $3,000 Transaction #2
8,000 Transaction #3
Balance $1,000
Chapter LO 2 Define debits and credits and explain their
2-8
use in recording business transactions.
9. Debits and Credits Summary
Debits and Credits Summary
Liabilities
Normal
Debit / Dr. Credit / Cr.
Normal Normal
Normal
Balance
Balance Balance
Balance
Debit
Debit Credit
Credit Normal Balance
Assets Chapter
Owner’s Equity
3-24
Debit / Dr. Credit / Cr.
Debit / Dr. Credit / Cr.
Normal Balance
Normal Balance
Chapter
Expense
3-23
Revenue
Chapter
3-25
Debit / Dr. Credit / Cr.
Debit / Dr. Credit / Cr.
Normal Balance
Normal Balance
Chapter
3-27 Chapter
3-26
Chapter
2-9 LO 2
10. Debits and Credits Summary
Debits and Credits Summary
Balance Sheet Income Statement
Asset = Liability + Equity Revenue - Expense
Debit
Credit
Chapter LO 2 Define debits and credits and explain their
2-10
use in recording business transactions.
11. Debits and Credits Summary
Debits and Credits Summary
Review Question
Debits:
a. increase both assets and liabilities.
b. decrease both assets and liabilities.
c. increase assets and decrease liabilities.
d. decrease assets and increase liabilities.
Chapter LO 2 Define debits and credits and explain their
2-11
use in recording business transactions.
12. Debits and Credits Summary
Debits and Credits Summary
Discussion Question
Q4. Maria Alvarez, a beginning accounting
student, believes debit balances are favorable
and credit balances are unfavorable. Is Maria
correct? Discuss.
See notes page for discussion
Chapter LO 2 Define debits and credits and explain their
2-12
use in recording business transactions.
13. Assets and Liabilities
Assets and Liabilities
Assets
Assets - Debits should
Debit / Dr. Credit / Cr.
exceed credits.
Normal Balance
Chapter
3-23
Liabilities – Credits
should exceed debits.
Liabilities
The normal balance is on
Debit / Dr. Credit / Cr.
the increase side.
Normal Balance
Chapter
3-24
Chapter LO 2 Define debits and credits and explain their
2-13
use in recording business transactions.
14. Owners’ Equity
Owners’ Equity
Owner’s Equity Owner’s investments and
revenues increase owner’s
Debit / Dr. Credit / Cr.
equity (credit).
Owner’s drawings and expenses
Normal Balance
Chapter
3-25
decrease owner’s equity (debit).
Owner’s Capital Owner’s Drawing
Debit / Dr. Credit / Cr. Debit / Dr. Credit / Cr.
Normal Balance Normal Balance
Chapter Chapter
3-25 3-23
Chapter LO 2 Define debits and credits and explain their
2-14
use in recording business transactions.
15. Revenue and Expense
Revenue and Expense
Revenue The purpose of earning
Debit / Dr. Credit / Cr.
revenues is to benefit the
owner(s).
Normal Balance
The effect of debits and
credits on revenue accounts
Chapter
3-26
Expense
is the same as their effect
Debit / Dr. Credit / Cr.
on Owner’s Capital.
Expenses have the opposite
effect: expenses decrease
Normal Balance
Chapter
3-27
owner’s equity.
Chapter LO 2 Define debits and credits and explain their
2-15
use in recording business transactions.
16. Debits and Credits Summary
Debits and Credits Summary
Review Question
Accounts that normally have debit balances are:
a. assets, expenses, and revenues.
b. assets, expenses, and owner’s capital.
c. assets, liabilities, and owner’s drawings.
d. assets, owner’s drawings, and expenses.
Chapter LO 2 Define debits and credits and explain their
2-16
use in recording business transactions.
17. Expansion of the Basic Equation
Expansion of the Basic Equation
Relationship among the assets, liabilities and
owner’s equity of a business:
Illustration 2-11
Basic
Assets = Liabilities + Owner’s Equity
Equation
Expanded
Basic
Equation
The equation must be in balance after every
transaction. For every Debit there must be a Credit.
Chapter LO 2 Define debits and credits and explain their
2-17
use in recording business transactions.
18. Steps in the Recording Process
Steps in the Recording Process
Illustration 2-12
Transfer journal information
Analyze each transaction Enter transaction in a journal to ledger accounts
Business documents, such as a sales slip, a check, a
bill, or a cash register tape, provide evidence of the
transaction.
Chapter
2-18 LO 3 Identify the basic steps in the recording process.
19. The Journal
The Journal
Book of original entry (General Ledger).
Transactions recorded in chronological order.
Contributions to the recording process:
1. Discloses the complete effects of a transaction.
2. Provides a chronological record of transactions.
3. Helps to prevent or locate errors because the
debit and credit amounts can be easily compared.
Chapter
2-19 LO 3 Identify the basic steps in the recording process.
20. Journalizing
Journalizing
Journalizing - Entering transaction data in the journal.
E2-4 (Facts) Presented below is information related to
Hanshew Real Estate Agency.
Oct. 1 Pete Hanshew begins business as a real estate agent with
a cash investment of $15,000.
3 Purchases office furniture for $1,900, on account.
6 Sells a house and lot for B. Kidman; bills B. Kidman $3,200
for realty services provided.
27 Pays $700 on balance related to transaction of Oct. 3.
30 Pays the administrative assistant $2,500 salary for Oct.
E2-5 Instructions - Journalize the transactions for E2-4.
Chapter
2-20 LO 4 Explain what a journal is and how it helps in the recording process.
21. Journalizing
Journalizing
E2-4 (Facts) Presented below is information related
to Hanshew Real Estate Agency.
Oct. 1 Pete Hanshew begins business as a real estate
agent with a cash investment of $15,000.
General Journal
Date Account Title Ref. Debit Credit
Oct. 1 Cash 15,000
Hanshew, Capital 15,000
(Owners investment)
Chapter
2-21 LO 4 Explain what a journal is and how it helps in the recording process.
22. Journalizing
Journalizing
E2-4 (Facts) Presented below is information related
to Hanshew Real Estate Agency.
Oct. 3 Purchases office furniture for $1,900, on
account.
General Journal
Date Account Title Ref. Debit Credit
Oct. 3 Office Furniture 1,900
Accounts Payable 1,900
(Purchase furniture)
Chapter
2-22 LO 4 Explain what a journal is and how it helps in the recording process.
23. Journalizing
Journalizing
E2-4 (Facts) Presented below is information related
to Hanshew Real Estate Agency.
Oct. 6 Sells a house and lot for B. Kidman; bills B.
Kidman $3,200 for realty services provided.
General Journal
Date Account Title Ref. Debit Credit
Oct. 6 Accounts Receivable 3,200
Service Revenue 3,200
(Realty services provided)
Chapter
2-23 LO 4 Explain what a journal is and how it helps in the recording process.
24. Journalizing
Journalizing
E2-4 (Facts) Presented below is information related
to Hanshew Real Estate Agency.
Oct. 27 Pays $700 on balance related to transaction of
Oct. 3.
General Journal
Date Account Title Ref. Debit Credit
Oct. 27 Accounts Payable 700
Cash 700
(Payment on account)
Chapter
2-24 LO 4 Explain what a journal is and how it helps in the recording process.
25. Journalizing
Journalizing
E2-4 (Facts) Presented below is information related
to Hanshew Real Estate Agency.
Oct. 30 Pays the administrative assistant $2,500
salary for Oct.
General Journal
Date Account Title Ref. Debit Credit
Oct. 30 Salary Expense 2,500
Cash 2,500
(Payment for salaries)
Chapter
2-25 LO 4 Explain what a journal is and how it helps in the recording process.
26. Journalizing
Journalizing
Simple Entry – Two accounts, one debit and one credit.
Compound Entry – Three or more accounts.
Example – On June 15, H. Burns, purchased equipment
for $15,000 by paying cash of $10,000 and the balance
on account (to be paid within 30 days).
General Journal
Date Account Title Ref. Debit Credit
June 15 Equipment 15,000
Cash 10,000
Accounts Payable 5,000
(Purchased equipment)
Chapter
2-26 LO 4 Explain what a journal is and how it helps in the recording process.
27. The Ledger
The Ledger
A General Ledger contains the entire group of
accounts maintained by a company.
The General Ledger includes all the asset,
liability, owner’s equity, revenue and expense
accounts.
Chapter
2-27 LO 5 Explain what a ledger is and how it helps in the recording process.
28. Chart of Accounts
Chart of Accounts
Accounts and account numbers arranged in sequence in
which they are presented in the financial statements.
Hanshew Real Estate Agency
Chart of Accounts
Assets Owner's Equity
101 Cash 300 Hanshew, Capital
112 Accounts receivable 306 Hanshew, Drawing
126 Advertising supplies 350 Income summary
130 Prepaid insurance
150 Office equipment Revenues
158 Accumulated depreciation 400 Service revenue
Liabilities Expenses
200 Accounts payable 631 Advertising supplies expense
201 Notes payable 711 Depreciation expense
209 Unearned revenue 722 Insurance expense
212 Salaries payable 726 Salaries expense
230 Interest payable 729 Rent expense
905 Interest expense
Chapter
2-28 LO 6 Explain what posting is and how it helps in the recording process.
29. Standard Form of Account
Standard Form of Account
T-account form used in accounting textbooks.
In practice, the account forms used in ledgers are
much more structured.
Cash No. 101
Date Explanation Ref. Debit Credit Balance
Oct. 1 15,000 15,000
27 700 14,300
30 2,500 11,800
Chapter
2-29 LO 5 Explain what a ledger is and how it helps in the recording process.
30. Posting
Posting
Posting – the process of transferring amounts from the
journal to the ledger accounts.
General Journal J1
Date Account Title Ref. Debit Credit
Oct. 1 Cash 101 15,000
Hanshew, Capital 15,000
(Owner's investment in business)
General Ledger
Cash Acct. No. 101
Date Explanation Ref. Debit Credit Balance
Oct. 1 J1 15,000 15,000
Chapter
2-30 LO 6 Explain what posting is and how it helps in the recording process.
31. Posting
Posting
Review 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.
Chapter
2-31 LO 6 Explain what posting is and how it helps in the recording process.
32. The Recording Process Illustrated
The Recording Process Illustrated
Illustration 2-19
Follow these steps:
1. Determine what
type of account
is involved.
2. Determine what
items increased
or decreased
and by how
much.
3. Translate the
increases and
decreases into
debits and
credits.
Chapter
2-32 LO 6 Explain what posting is and how it helps in the recording process.
33. The Trial Balance
The Trial Balance
A list of accounts Hanshew Real Estate Agency
Trial Balance
and their balances October 31, 2008
at a given time. Debit Credit
Cash $ 11,800
Purpose is to Accounts receivable 3,200
Office furniture 1,900
prove that debits Accounts payable $ 1,200
equal credits. Hanshew, Capital
Service revenue
15,000
3,200
Salaries expense 2,500
$ 19,400 $ 19,400
Chapter
2-33 LO 7 Prepare a trial balance and explain its purposes.
34. The Trial Balance
The Trial Balance
Limitations of a Trial Balance
The trial balance may balance even when
1. a transaction is not journalized,
2. a correct journal entry is not posted,
3. a journal entry is posted twice,
4. incorrect accounts are used in journalizing or
posting, or
5. offsetting errors are made in recording the
amount of a transaction.
Chapter
2-34 LO 7 Prepare a trial balance and explain its purposes.
35. The Trial Balance
The Trial Balance
Review 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.
Chapter
2-35 LO 7 Prepare a trial balance and explain its purposes.
36. Recording Process
Recording Process
Discussion Question
Q2-19. Jim Benes is confused about how accounting
information flows through the accounting system. He
believes the flow of information is as follows.
a. Debits and credits posted to the ledger.
b. Business transaction occurs.
c. Information entered in the journal.
d. Financial statements are prepared.
e. Trial balance is prepared.
Is Jim correct? If not, indicate to Jim the proper flow
of the information.
See notes page for discussion
Chapter
2-36 LO 7 Prepare a trial balance and explain its purposes.
1. On the topic, “Challenges Facing Financial Accounting,” what did the AICPA Special Committee on Financial Reporting suggest should be included in future financial statements? Non-financial Measurements (customer satisfaction indexes, backlog information, and reject rates on goods purchases). Forward-looking Information Soft Assets (a company’s know-how, market dominance, marketing setup, well-trained employees, and brand image). Timeliness (no real time financial information)
Service Cost - Actuaries compute service cost as the present value of the new benefits earned by employees during the year. Future salary levels considered in calculation. Interest on Liability - Interest accrues each year on the PBO just as it does on any discounted debt. Actual Return on Plan Assets - Increase in pension funds from interest, dividends, and realized and unrealized changes in the fair market value of the plan assets. Amortization of Unrecognized Prior Service Cost - The cost of providing retroactive benefits is allocated to pension expense in the future, specifically to the remaining service-years of the affected employees. Gain or Loss - Volatility in pension expense can be caused by sudden and large changes in the market value of plan assets and by changes in the projected benefit obligation. Two items comprise the gain or loss: difference between the actual return and the expected return on plan assets and, amortization of the unrecognized net gain or loss from previous periods
Question 2-4 (textbook) Maria is incorrect. A debit balance only means that debits amounts exceed credit amounts in an account. Conversely, a credit balance only means that credit amounts are greater than debit amounts in an account. Thus, a debit or credit balance is neither favorable nor unfavorable.
Question 2-19 (textbook) No, Jim is not correct . The proper sequence is as follows : ( b ) Business transaction occurs. ( c ) Information entered in the journal. ( a ) Debits and credits are posted to the ledger. ( e ) Trial balance is prepared. ( d ) Financial statements are prepared.