Day 15

After completing Lesson 3-3, you will be able to:

  • Identify accounting concepts and practices related to journalizing transactions.
  • Record transactions that affect owner’s equity and receiving cash on account in a five-column journal. 

Notes 3-3

  1. Obtain a Notes 3-3 handout from your instructor and record your notes through the presentation.  You can also view the presentation here.

Working Together 3-3

  1. Make a copy of this spreadsheet.
  2. Place this file in your Chapter 3 folder.
  3. Rename the file to Lesson 3-3-(Your Initials)
  4. Complete the spreadsheet according to the directions on page 73.

On Your Own 3-3

  1. Using your Lesson 3-3 spreadsheet, click on the On Your Own 3-3 sheet at the bottom left, and complete the problem as directed on page 73.

Self-Assessment 3-3

  1. Complete this self-assessment for Lesson 3-3.  You can use your textbook and notes to complete this assessment.  

Lesson 3-3 Assignment

  1. Using your Lesson 3-3 spreadsheet, click on the Application Problem 3-3 sheet at the bottom left, and complete the problem as directed on page 80.
  2. Using your Lesson 3-3 spreadsheet, click on the Application Problem 3-5 sheet at the bottom left, and complete the problem as directed on page 81.