Thursday Accounting

When recording entries in special journals there is still a need to use the general journal. We will utilize the general journal for transactions the use a memorandum (m) as a source document. General journal transactions are for the type of entries that occur less frequently. For today's problem 10-4 you need to download general journal (GJ2.xls) from www.c21accounting.com. Review pages 240-242 for "buying supplies on account" and "owner withdrawing merchandise".

Complete problem 10-4 for the month of October. Print with your name and submit.

On Tuesday we will work on problem 10-5 while using all three journals. Purchases, Cash Payments and the General Journal.

Enjoy your long weekend!