The source document for all cash payments. CHECK.

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Journalizing Transactions Kayla Wegley

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Presentation transcript:

The source document for all cash payments. CHECK

The source document for cash received from transactions other than sales. RECEIPT

The source document for daily sales. CALCULATOR TAPE

Receiving cash from sales ______ both cash and sales. INCREASES

How do you correct an error in a journal? DRAW A LINE THROUGH THE ERROR AND MAKE CORRECTION ON TOP

A transaction recorded in a journal is considered a ______ record. PERMANENT

Transactions are recorded in a journal in _________ order. CHRONOLOGICAL

A complete entry consists of the ____, the _____the ____ _____, the _____ amount, and the _____ amount. DATE ACCOUNT TITLE SOURCE DOCUMENT DEBIT CREDIT

The ____ of the month is written on each journal page for every entry. DAY

A general journal page is complete when there is insufficient space to record any more _____. ENTRIES

Each general journal entry requires at least ___ lines. TWO

The ______ Evidence accounting concept requires proof that a transaction did occur. OBJECTIVE

Businesses usually journalize transactions ______. DAILY

Errors in general journal entries should be ____ as soon as they are discovered. CORRECTED (Remember, no erasing)

DEFINITION: A form on which a brief message is written describing a transaction. MEMORANDUM

DEFINITION: Recording transactions in a journal. JOURNALIZING

Definition: The recording of debit and credit parts of a transaction. DOUBLE-ENTRY ACCOUNTING

DEFINITION: A form for recording transactions in chronological order. JOURNAL

DEFINITION: A business form giving written acknowledgment for cash received. RECEIPT

DEFINITION: The _____ journal with two amount columns in which all kinds of entries can be recorded. GENERAL JOURNAL

DEFINITION: A form describing the goods or services sold, the quantity, and the price. INVOICE

DEFINITION: Information for each transaction recorded in a journal. ENTRY

DEFINITION: A business paper from which information is obtained for a journal entry. SOURCE DOCUMENT

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

DEFINITION: An invoice used as a source document for recording a sale on account. SALES INVOICE

You will also have to journalize 20 transactions in a general journal.