Ch.3

Question 1

Journal

Answer 1

a form for recording transactions in chronological order

Question 2

journalizing

Answer 2

recording transactions in a journal

Question 3

special amount column

Answer 3

a journal amount column headed with an account title

Question 4

general amount column

Answer 4

a journal amount column that is not headed with an account title

Question 5

entry

Answer 5

information for each transaction recorded in a journal

Question 6

double-entry accounting

Answer 6

the recording of debit and credit parts of a transaction

Question 7

source document

Answer 7

a business paper from which information is obtained for a journal entry

Question 8

check

Answer 8

a business form ordering a bank to pay cash from a bank account

Question 9

invoice

Answer 9

a form describing the goods or services sold, the quantity, and the price

Question 10

sales invoice

Answer 10

an invoice used as a source document for recording a sale on account

Question 11

Receipt

Answer 11

a business form giving written acknowledgement for cash received

Question 12

memorandum

Answer 12

a form on which a brief message is written describing a transaction

Question 13

proving cash

Answer 13

determining that the amount of cash agrees with the accounting records

Question 14

Name the 5 source documents

Answer 14

1. Receipt
2. sales invoice
3. check
4. memorandum
5. calculator tape

Question 15

When you have one line left you

Answer 15

write “carried forward” draw a line under transactions, add together, and draw a double line under sums

Question 16

When you move transactions forward you

Answer 16

write “brought forward” put sums on first line

Question 17

When journalizing follow these instructions

Answer 17

Date, debit, credit, source doc