Mrs. Kerby - Accounting 1
Chapter 3 Lesson Plans
Journalizing Transactions
At the Bells: To be completed in your composition books
Lesson 1 Read “Explore Accounting” on Pg 79. What do you think are the advantages of prenumbered source documents?
Lesson 2 Audit Your Understanding 3-1 on Page 62
Lesson 3 Audit Your Understanding 3-3 on Page 72 (short answer)
Lesson 4 Audit Your Understanding 3-4 on Page 78
Lesson 5
Objectives:
1.
Define accounting terms related to journalizing transactions
2.
Identify accounting concepts and practices related to journalizing transactions
3.
Record in a five column journal transactions to set up a
4.
6.
business
Record in a five column journal transaction to buy insurance for cash and supplies on account
5.
Record in a five column journal transaction that affect owner’s equity and receiving cash on account
Prove and rule a five column journal and prove cash
Procedure:
Daily: Discuss the At the Bell and review terms/concepts from last lesson
Lesson 1 Whole class: Chapter 2 challenge problem on
Page 48
3-1 Journals and source documents, and recording entries in a journal
Chapter Terms 1
Accounting
Accounting System
Accounting Records
Financial Statements
Service Business
Proprietorship
Asset
Equities
Liability
Owner’s Equity
Ethics
Business Ethics
Terms 2
T-acount
Debit
Credit
Normal Balance
Chart of Accounts
Terms 3:
Journal
:
Accounting Equation
3-2 Journalizing buying insurance, buying on account, and paying on account
Lesson 2 Whole class: Audit your understanding 3-2 on Page
Journalizing
Special amount column
General amount column
66
3-3 Journalizing transactions that affect owner’s equity and receiving cash on account
3-4 Proving and ruling a journal
Lesson 3 Whole class: Accounting in the real world on Page
Entry
Double-entry accounting
Source document
Check
55
Review and practice: continue Chapter 3 Application
Problems
Lesson 4 Review material from Chapters 1 through 3
Lesson 5 Assess knowledge and understanding of course material
Activities
Invoice
Sales invoice
Receipt
Memorandum
Proving cash
Lesson 1 3-1 and 3-2 WT and OYO on Pages 62 and 66
Lesson 2 3-3 and 3-4 WT and OYO on Pages 67 and 72
Start Application Problems 3-1 to 3-6 on Pages 80-82
Lesson 3 Application Problems 3-1 to 3-6 on Pages 80-82
Chapter 3 Study Guide in Aplia
Lesson 4 Review and practice; Study Guide, Chart of Accounts
Lesson 5 Test on Chapters 1 through 3
Homework: Research a topic related to computerized accounting, inventory, or other record keeping. Write a ½ page essay summarizing what you learned. Include your sources. Due by Lesson 5.

Extension: Choose from one of these activities.
 Chapter 3 Challenge Problem on Page 83
 Cases for Critical Thinking on Page 85
 Flash cards and Internet activity for Chapter 3 at course Website .
 Using Word or Publisher, create a brochure about source documents.
Closure
 Summary and/or Questions
 Discuss current events in the economy
Assessment: 125 points
45 points for workbook exercises 
 15 points for At the Bell and Closure
 10 points for homework
 55 points for chapter test