Accounting Chapter 3: Journalizing Transactions

A complete journal entry consists of the date, debit amount, credit amount, and a source doc.

The journal columns used to record receivin cash from the owner are Cash Debit and Sales Credit

A business form giving written acknowledgement for cash received

Recording transactions in a journal

When cash is paid on account, the amount is recorded in the

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

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

A transaction recorded in a journal is considered a permanent record

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

When cash is received on account, the amount is recorded in the

Double lines are ruled across a journal's columns to say the totals were verified as correct

When services are sold on account, the amount is recorded in the

The entry to record payment of cash to the owner as a withdrawal

A form for recording transactions in chronological order

The source document for all cash payments is a check

The recording of debit and credit parts of a transaction