Accounting:
Curriculum Map
Topic: Journalizing Purchases and Cash Payments
Key Learning(s):
Unit Essential Question(s):
Define accounting terms related to
purchases and cash payments for a
merchandising business.
Identify accounting concepts and
practices related to purchases and
cash payments for a merchandising
business.
Journalize purchases of merchandise
using a purchase journal.
Journalize cash payments and cash
discounts using a cash payment
journal.
Prepare a petty cash report and
journalize the reimbursement of the
petty cash fund.
Total, prove, and rule a cash payments
journal and start a new cash payments
journal.
Journalize purchases returns and
allowances and other transactions
using a general journal.
How do you journalize the purchase of
merchandise?
What is the journal entry for cash
payments when there is a discount?
What is the journal entry for replenishing
petty cash?
What is the journal entry for purchases
returns and allowances?
Grade: 10-12
Optional
Instructional Tools:
Book
Workbook problems
Worksheets
Concept:
Concept:
Concept:
Concept:
Journalizing Purchases
Using a Purchases Journal
Journalizing Cash
Payments Using a Cash
Payments Journal
Performing Additional Cash
Payments Journal
Operations
Journalizing Other Transactions
Using a General Journal
Lesson Essential Questions:
Lesson Essential Questions:
Lesson Essential Question
Lesson Essential Questions:
What kinds of transactions
are recorded in a
purchases journal?
For what are special
amount columns in a
journal used?
What are the two account
titles in the amount column
of the purchases journal?
What is the advantage of
having special amount
columns in a journal?
Why would a vendor offer a
cash discount to a
customer?
What is recorded in the
general amount columns of
the cash payments
journal?
What is the difference
between purchasing
merchandise and buying
supplies?
What is meant by terms of
sale 2/10, n/30?
When journalizing a cash
payment to replenish petty
cash, what is entered into
the Account Title column of
the cash payments journal?
What is the usual balance of
the account Cash Short and
Over?
What are the five steps for
ruling a cash payments
journal at the end of the
month?
What journal is used to record
transactions that cannot be
recorded in special journals?
Why is a memorandum used as
the source document when
supplies are bought on account?
Why are two account titles
written for the credit amount
when supplies are bought on
account?
When is the equality of debits
and credits proved for a general
journal?
If purchases returns and
allowances are a decrease in
purchases, why are returns and
allowances credited to a
separate account?
What is a primary difference
between a purchases return and
a purchase allowance?
When is a debit memorandum a
proper source document for a
purchases return or allowance?
Vocabulary:
Merchandise
Merchandising business
Retail merchandising
business
Corporation
Share of stock
Capital stock
Stockholder
Special journal
Vocabulary:
Cash payments journal
Cash discount
Purchases discount
General amount column
List price
Trade discount
Contra account
Vocabulary:
Cash short
Cash over
Vocabulary:
Purchases return
Purchases allowance
Debit memorandum
Cost of merchandise
Markup
Vendor
Purchase on account
Purchases journal
Special amount column
Purchase invoice
Term of sale
Other Information: