Chapter 4

Journalizing and Posting Transactions

 Learning Objectives

  1. LO1    Describe the flow of data from source documents through the trial balance.
  2. LO2    Describe and explain the purpose of source documents.
  3. LO3    Describe the chart of accounts as a means of classifying financial information.
  4. LO4    Journalize transactions.
  5. LO5    Post to the general ledger and prepare a trial balance.
  6. LO6    Explain how to find and correct errors.

LO4–WATCH THIS VIDEO

  1. Complete Exercises E4-2A, E4-2B (5 minutes each)–WE WILL CHECK THEM TOGETHER–MAKE A COLUMN FOR DEBITS & A COLUMN FOR CREDITS & FILL THE ACCOUNT NAMES UNDER THE APPROPRIATE COLUMN HEADING
  2. Textbook Exercises E4-4A, E4-4B–YOU WILL NEED THESE FOR NEXT CLASS–GET THE WORKING PAPERS FROM YOUR TEACHER
  3. Study Guide Review Questions 5, 6, 7, 8, 9
  4. Study Guide Exercise 1, 2
  5. Textbook End of Chapter Review Questions 5, 6