Accounting Chapter 3 Review

A form for recording transactions in chronological order.

• Journal

• Receipt

• Sales invoice

• Invoice

Recording transaction in a journal.

• General journal

• Sales invoice

• Journalizing

• Memorandum

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

• Double entry accounting

• Entry

• Invoice

• Check

Information for each transaction recorded in a journal.

• Check

• Invoice

• Journal

• Entry

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

• Check

• Invoice

• Source document

• Receipt

The recording of debit and credit parts of a transaction.

• Check

• Memorandum

• Double-entry accounting

• General journal

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

• Source document

• Journal

• Asset

• Credit

Recording transactions in a journal.

• Entry

• Receipt

• Journalizing

• Debit

Received cash from owner Todd Graham as an investment.

• Debit: Todd Graham Capital

  Credit: Cash

• Debit: Cash

  Credit: Todd Graham, Capital

• Debit: Cash

  Credit: Todd Graham, Drawing

• Debit: Accounts Receivable, Badgerland Supplies

  Credit: Sales

Paid cash to Badgerland Supplies for supplies.

• Debit: Cash

  Credit: Supplies

• Debit: Accounts Payable, Badgerland Supplies

  Credit: Supplies

• Debit: Rent Expense

  Credit: Cash

• Debit: Supplies

  Credit: Cash