ACTG 313
September 4, 2015
Self-Assessment 1
• Be sure your name is on your paper.
• Pass papers to the front.
• Place a large SQUARE around the number of
any question that is correct.
Announcements
•
•
•
•
Roll Call
Everyone in a group?
Seating Chart will be created next Monday.
Next Monday: Sit “near” your group.
• If you are absent Monday, …
• …have your group save a seat
and write your name
on the chart when it
comes around.
History of Double-Entry Bookkeeping
History of Double-Entry Bookkeeping
History of Double-Entry Bookkeeping
Transaction
$$$
Goods & Services
TRANSACTION
History of Double-Entry Bookkeeping
History of Double-Entry Bookkeeping
Journal
Jan 1
5000
Cash
Paid-In Capital
5000
INITIAL CONTRIBUTION FROM OWNER
Jan 1
2000
Cash
Long-Term Loan
2000
5-YEAR LOAN FROM FIRST NATIONAL BANK, 4% Interest
Jan 3
Inventory
Cash
PURCHASE OF INVENTORY USING CASH
1500
1500
ASSETS
= LIABILITIES + EQUITY
Accounts Payable
Cash
5000
Paid-In Capital
Accts Receivable
5000
Long Term Loan
Inventory
Cost of Goods Sold
Supplies
SG&A Expenses
Retained Earnings
Revenue
ASSETS
= LIABILITIES + EQUITY
Accounts Payable
Cash
5000
2000
Paid-In Capital
Accts Receivable
5000
1500
Long Term Loan
Inventory
2000
Supplies
Retained Earnings
1500
Cost of Goods Sold
SG&A Expenses
Revenue
Day-to-Day Operations
Day-to-Day Operations
Day-to-Day Operations
Day-to-Day Operations
25
26
History of Double-Entry Bookkeeping
Business
Activity
Data Capture
Data Transmission
Data
Organization
Storage
Query
Selection
User
Information
Formatting/Presentation
Business
Activity
Data Capture
Data Transmission
Data
Organization
Storage
Query
Selection
User
Report
Formatting/Presentation
Business
Activity
Data Capture
Data Transmission
Data
Organization
Storage
Query
Selection
User
Report
Formatting/Presentation
Business
Activity
Data Capture
Data Transmission
Data
Organization
Storage
Query
Selection
User
Report
Formatting/Presentation
Business
Activity
Data Capture
Data Transmission
Data
Organization
Storage
Query
Selection
User
Report
Formatting/Presentation
Business
Activity
Data Capture
Data Transmission
Data
Organization
Storage
Query
Selection
User
Information
Formatting/Presentation
Business
Activity
Data Capture
Data Transmission
Data
Organization
Storage
Query
Selection
User
Information
Formatting/Presentation
Business
Activity
Data Capture
Data Transmission
Data
Organization
Storage
Query
Selection
User
Information
Formatting/Presentation
Data
Organization
Storage
Query
Selection
User
Information
Formatting/Presentation
Business
Activity
Data Capture
Data Transmission
Data
Organization
Storage
Query
Selection
User
Information
Formatting/Presentation
Business
Activity
Data Capture
Data Transmission
Data
Organization
Storage
Query
Storage
Selection
User
Information
Formatting/Presentation
Business
Activity
Data Capture
Data Transmission
Data
Organization
Storage
Query
Selection
User
Information
Formatting/Presentation
Business
Activity
Data Capture
Data Transmission
Data
Organization
Storage
Query
Selection
User
Information
Formatting/Presentation
Homework Assignment 3
• Read
• ….AND STUDY
• Discussion Questions for Unit 4
are embedded within the reading
• Discuss in your group
When you arrive next Monday, choose a seat
near your group members,
… and make note of where you are sitting.
Please sit in that seat for the next few weeks.