Accounting Bell Ringer
Thursday, February 16
BELL RINGER
Organize your Notebook using Ch. 8
Rubric
Professional
Reading
Book Check
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
Thursday, February 16
AGENDA
Starting Part 2 in the Text Book
Chapter 9 Journalizing Purchases and
Cash Payment
Show Professional Reading for Q3
REMINDER: TODAY IS THE LAST DAY FOR
CH. 8 APLIA ASSIGNMENTS
NO extra credit if application/mastery problems
are not completed
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
LESSON 9-1
Journalizing Purchases
Using a Purchases Journal
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
4
PURCHASING MERCHANDISE
page 236
Account used for recording the _________ ______ _______________
is titled ______________. It has a normal ___________ balance.
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
LESSON 9-1
5
PURCHASES ON ACCOUNT
page 236
A ____________ account that summarizes the ____________ owed to
_____ ___________________ is titled ____________ ____________.
This liability account has a normal ______________ balance.
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
LESSON 9-1
6
PURCHASES JOURNAL
page 237
A ____________ ______________ used to record only ____________
of ________________________ on account
is called a __________ ___________.
All of the purchase on account transactions involve a _______ to
____________ and a __________ to ___________ _____________.
Therefore, a purchase on account tranaction is recorded on
only _______ line of the purchases journal.
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
LESSON 9-1
Purchases Journal
If a purchase is made for
cash, is it recorded in the
Purchases Journal?
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
8
PURCHASE INVOICE
A purchase invoice is a ___________ ___________ recording a purchase on
account transaction.
A purchase invoice lists the ___________, the __________________, the
_______ of each item, and the _____________ __________ of the invoice.
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
LESSON 9-1
9
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
10
PURCHASING MERCHANDISE ON
ACCOUNT
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
11
TOTALING AND RULING A PURCHASES
JOURNAL
page 240
1
4
3
5
2
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
6
LESSON 9-1
12
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
13
ASSIGNMENT
Work Together 9-1 as a Class,
pg. 241
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
LESSON 5-1
14
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
LESSON 9-1
15
ASSIGNMENT
 Own Your Own 9-1 on Aplia practice / completion
grade, pg. 241
 Application 9-1: Grade It Now, page 260
 Finish FOUR modules in Everfi (everfi.net)
 Show me your professional reading book
 Seventeen terms from the chapter
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
LESSON 5-1
16
Exit Ticket
DEFINE THE SEVENTEEN TERMS
FOR LESSON 9-1
PLEASE REMEMBER TO PUT THE BOOKS IN
THE CABINET
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
LESSON 5-1