Accounting Bell Ringer

1. Accounting Bell Ringer Thursday, February 16 BELL RINGER Organize your Notebook using Ch. 8 Rubric Professional Reading Book Check

2. 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

3. LESSON 9-1 Journalizing Purchases Using a Purchases Journal

4. PURCHASING MERCHANDISE page 236 Account used for recording the _________ ______ _______________ is titled ______________. It has a normal ___________ balance. 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. 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. LESSON 9-1

7. Purchases Journal If a purchase is made for cash, is it recorded in the Purchases Journal?

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. LESSON 9-1

9. 2 PURCHASE INVOICE page 238 1 4 3 1. Stamp the date received andpurchase invoice number. 3. Initials of the person whochecked the invoice. 2. Place a check mark by each amount. 4. Review the vendor’s terms. 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 3 4 1. Write the date. 2. Write the vendor name. 3. Write the purchase invoice number. 4. Write the amount of the invoice. LESSON 9-1

11. 1 6 TOTALING AND RULING A PURCHASES JOURNAL page 240 4 5 3 2 1. Rule a single line across the amount column. 4. Add the amount column. 5. Write the total. 2. Write the date. 6. Rule double lines across the amount column. 3. Write the word Total. LESSON 9-1

12. merchandise merchandising business retail merchandising business wholesale merchandising business corporation share of stock capital stock stockholder special journal cost of merchandise markup vendor purchase on account purchases journal special amount column purchase invoice terms of sale TERMS REVIEW page 241 LESSON 9-1

13. ASSIGNMENT • Work Together 9-1 as a Class, pg. 241 LESSON 5-1

14. 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 LESSON 5-1

16. Exit Ticket DEFINE THE SEVENTEEN TERMS FOR LESSON 9-1 PLEASE REMEMBER TO PUT THE BOOKS IN THE CABINET LESSON 5-1