Day 20

After completing Lesson 4-1, you will be able to:

• Define accounting terms related to posting from a general journal to a general ledger.
• Identify accounting concepts and practices related to posting from a general journal to a general ledger.
• Prepare a chart of accounts for a service business organized as a proprietorship. 

Chapter 4 Folder

1. Inside of your Part 1 folder, create a new folder titled Chapter 4.  All your tasks completed in Chapter 4 should be stored in this folder.

Notes 4-1

1. Obtain a Notes 4-1 handout from your instructor and record your notes through the presentation.  You can also view the presentation here.

Working Together 4-1

1. Make a copy of this spreadsheet.
2. Place this file in your Chapter 4 folder.
3. Rename the file to Lesson 4-1-(Your Initials)
4. Complete the spreadsheet according to the directions on page 95 or below.
5. A journal is given in the Working Papers.  Your instructor will guide you through the following example.  Clara Ross owns a service business called Ross Company, which uses the following accounts.

On Your Own 4-1

1. A journal is given in the Working Papers.  Work this problem independently.Eric Roen owns a service business called Roen’s Hair Care, which uses the following accounts.

Self-Assessment 4-1

1. Complete this self-assessment for Lesson 4-1.  You can use your textbook and notes to complete this assessment.

Lesson 4-1 Assignment

1. Using your Lesson 4-1 spreadsheet, click on the Application Problem 4-1 sheet at the bottom left, and complete the problem as directed on page 110 or below.
2. Lillian Deters owns a service business called Deters Duplicating, which uses the following accounts.