Chapter 3

Question 1

a form for reporting transactions in chronological order

Answer 1

journal

Question 2

recording transactions in a journal

Answer 2

journalizing

Question 3

information for each transaction recorded in a journal

Answer 3

entry

Question 4

the recording of debit and credit parts of a transaction

Answer 4

double-entry accounting

Question 5

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

Answer 5

source document

Question 6

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

Answer 6

check

Question 7

form describing the goods or services sold, the quantity, the price, and the terms of sale

Answer 7

invoice

Question 8

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

Answer 8

sales invoice

Question 9

a business form giving written acknowledgement for cash received

Answer 9

receipt

Question 10

a form on which a brief message is written to describe a transaction

Answer 10

memorandum

Question 11

1. book of original entry
2. permanent record
3. record using ink not pencil

Answer 11

preparing journal entries