Time Frame:
2 class periods that run 90 minutes each.

Summary:
Introduction of a sales journal and using the sales journal to journalize sales on account, then posting from the sales journal to A/R ledgers and General ledgers. Introduction of journalizing cash receipts from cash and credit card sales on a cash receipts journal then posting from the cash receipts journal to A/R ledgers and General ledgers. Introduction of what sales discounts are and how to calculate the discount, as well as journalizing cash receipts on account with a sales discount and posting to ledgers. Introduction of journalizing sales returns and allowances on a general journal and posting to the A/R ledger and General ledger. Review of preparing a schedule of A/R.. Summarize the order of posting from all of the special journals (Sales journal, Purchases journal, General journal, Cash receipts journal, and Cash payments journal)

Main Curriculum Tie:
Accounting IIStandard 3
Apply accepted accounting principles to sales, purchases, cash receipts and cash payment transactions.

Career Connections:

• Accounting

Materials:
Have the web address for the online activities and quiz available for the student.

Web Sites

• West High Accounting
  Vocabulary Activities
• West High Accounting
  Vocabulary Quiz

Background For Teachers:
Students learn about a sales journal and using the sales journal to journalize sales on account, then posting from the sales journal to A/R ledgers and General ledgers, journalizing cash receipts from cash and credit card sales on a cash receipts journal then posting from the cash receipts journal to A/R ledgers and General ledgers, what sales discounts are and how to calculate the discount, as well as journalizing cash receipts on account with a sales discount and posting to ledgers, journalizing sales returns and allowances on a general journal and posting to the A/R ledger and General ledger. Review of preparing a schedule of A/R.. Students review the order of posting from all of the special journals (Sales journal, Purchases journal, General journal, Cash receipts journal, and Cash payments journal)

Intended Learning Outcomes:
An introduction, review games and quiz on sales journal and using the sales journal to journalize sales on account, then posting from the sales journal to A/R ledgers and General ledgers, journalizing cash receipts from cash and credit card sales on a cash receipts journal then posting from the cash receipts journal to A/R ledgers and General ledgers, sales discounts are and how to calculate the discount, as well as journalizing cash receipts on account with a sales discount and posting to ledgers. Introduction of journalizing sales returns and allowances on a general journal and posting to the A/R ledger and General ledger. Students review preparing a schedule of A/R.. Students summarize the order of posting from all of the special journals (Sales journal, Purchases journal, General journal, Cash receipts journal, and Cash payments journal)

Instructional Procedures:
Have the students complete the online activities and quiz.

Strategies For Diverse Learners:
Online activities

Assessment Plan:
Students will master the online vocabulary activities, they will complete the online chapter quiz.

Bibliography:
Century 21 Accounting South Western Publishing 6th edition, 1995

Author:
Nicole Reitz-Larsen

Created Date :
Feb 04 2005 11:19 AM