LESSON 4-1
Preparing a
Chart of Accounts
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
2
RELATIONSHIP OF A T ACCOUNT
TO AN ACCOUNT FORM
page 91
Balance columns
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
LESSON 4-1
3
CHART OF ACCOUNTS
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
page 92
LESSON 4-1
4
ACCOUNT NUMBERS
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
page 92
LESSON 4-1
5
OPENING AN ACCOUNT
IN A GENERAL LEDGER
1
page 94
2
1. Write the account title.
2. Write the account number.
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
LESSON 4-1
6
TERMS REVIEW





page 95
ledger
general ledger
account number
file maintenance
opening an account
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
LESSON 4-1
LESSON 4-2
Posting Separate Amounts
from a Journal to a
General Ledger
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
8
POSTING AN AMOUNT
FROM A GENERAL DEBIT COLUMN
1
page 96
5
3
2
4
1. Write the date.
2. Write the journal page number.
3. Write the debit amount.
4. Write the new account balance.
5. Return to the journal and write
the account number.
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
LESSON 4-2
9
POSTING A SECOND AMOUNT
TO AN ACCOUNT
1
3
5
page 97
2
4
1. Write the date.
2. Write the journal page number.
3. Write the debit amount.
4. Write the new account balance.
5. Return to the journal and write
the account number.
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
LESSON 4-2
10
POSTING AN AMOUNT
FROM A GENERAL CREDIT COLUMN
page 98
5
1
3
2
4
1. Write the date.
2. Write the journal page number.
3. Write the credit amount.
4. Write the new account balance.
5. Return to the journal and write
the account number.
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
LESSON 4-2
11
TERM REVIEW
page 99
 posting
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
LESSON 4-2
LESSON 4-3
Posting Column Totals
from a Journal to a
General Ledger
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
13
CHECK MARKS SHOW THAT AMOUNTS
ARE NOT POSTED
page 100
Check mark indicates that
amounts ARE NOT posted
individually.
Check mark indicates that
general amount column
totals ARE NOT posted.
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
LESSON 4-3
14
POSTING THE TOTAL
OF THE SALES CREDIT COLUMN
3
1
page 101
5
2
4
1. Write the date.
2. Write the journal page number.
3. Write the column total.
4. Write the new account balance.
5. Return to the journal and write
the account number.
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
LESSON 4-3
15
POSTING THE TOTAL
OF THE CASH DEBIT COLUMN
page 102
1
3
5
2
4
1. Write the date.
2. Write the journal page number.
3. Write the column total.
4. Write the new account balance.
5. Return to the journal and write
the account number.
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
LESSON 4-3
16
POSTING THE TOTAL
OF THE CASH CREDIT COLUMN
page 103
3
1
5
2
4
1. Write the date.
2. Write the journal page number.
3. Write the column total.
4. Write the new account balance.
5. Return to the journal and write
the account number.
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
LESSON 4-3
LESSON 4-4
Completed Accounting
Forms and Making
Correcting Entries
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
18
JOURNAL PAGE
WITH POSTING COMPLETED
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
page 105
LESSON 4-4
19
MEMORANDUM
FOR A CORRECTING ENTRY
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
page 108
LESSON 4-4
20
JOURNAL ENTRY
TO RECORD A CORRECTING ENTRY
page 108
November 13. Discovered that a payment
of cash for advertising in October was
journalized and posted in error as a debit
to Miscellaneous Expense instead of
Advertising Expense, $140.00.
Memorandum No. 15.
1
Date
2
Debit
4
Source Document
Credit
3
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
LESSON 4-4
21
TERM REVIEW
page 109
 correcting entry
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
LESSON 4-4