Teacher:
Subject:
Topic:
Sharon Hogan
Automated Accounting
Chapter 4-Purchases and Cash Payments
Key Learning: Students will learn proper accounting procedures related to inventory management through the use of purchases
and cash payment accounts.
Unit Essential Question: How do you record transactions for purchases and cash payments, and generate follow-up reports to
check your work?
Concept:
Maintain Vendor List
Concept:
Purchases
Concept:
Cash Payments
Concept:
Generate Reports
Lesson Essential Questions:
Lesson Essential Questions:
Lesson Essential Questions:
Lesson Essential Questions:
What is a vendor?
What accounts are affected by
purchases transactions?
What is a direct payment?
What reports are generated from
the general journal?
How do you add a vendor to the
list of accounts?
How do you delete a vendor from
the list of accounts?
What gets entered into the
purchases account?
What is a payment on
account?
What gets entered into the
purchases journal?
What is the purpose of the
cash payments journal input
form?
What is the purpose of the
purchases journal input form?
What accounts are affected
by payments on account?
What reports are generated from
the general ledger?
Where do you find the schedule of
accounts payable report?
Vocabulary: partnership; merchandising business; merchandise; merchandise inventory account; purchases account; purchases
journal; cash payments journal; vendor; purchase on account; purchases journal input form; cash payment; cash payments
journal input form; direct payment; cash payment on account; general ledger report; schedule of accounts payable; accounts
payable ledger report.
Class work will be collected daily. Students will complete all workbook pages for Chapter 4. They will use Automated
Accounting Software 8.1 to complete the Tutorial Problem, Practice Problem, and Mastery Problem before completing the
Evaluation Problem for Chapter 4.
Teacher:
Subject:
Topic:
Sharon Hogan
Automated Accounting
Chapter 4-Purchases and Cash Payments
Automated Accounting Ch4 Task List
5/5/14
Students will have a Vocabulary Sheet to write out definitions of new terms for Chapter 4.
5/8/14
Review Learning Objectives on p113.
5/8/14
Read/discuss Ethics Article on p114.
5/8/14
Read pages 114-126
5/9/14
Read/discuss article p126 Accounting Careers in Depth
5/8/14
Complete Problem 4-T in computer.
5/9/14
Complete Chapter 4 Review on Workbook pages 35-36.
5/12/14 and 5/13/14
5/14/14
Complete Problems 4-P and 4-M in computer. Print necessary journals/reports. Write answers for
questions corresponding to the problems on Workbook pages 37-42.
Complete Exam Problem 4-E. Print necessary journals/reports. Write answers for questions
corresponding to the problems on test.