Class work September 25, 2009
1. Journal-a form for recording transactions in chronological order
2. Journalizing- recording transactions in a journal
3. Special amount column- journal amount column headed with
an account title
4. General amount column- journal amount column that us not
headed with an account title
5. Entry- information for each transaction recorded in a journal
6. Double-entry accounting- recording of debit and credit parts
of a transaction
7. Source document- business paper from which information is
obtained for a journal entry
8. Check- business form ordering a bank to pay cash from a bank
account
9. Invoice- a form describing the goods for service sold, the
quantity, and the price
10.
Sales invoice- invoice used as a source document for
recording a sale on account
11.
Receipt- business form giving written acknowledgement
for cash received
12.
Memorandum- a form on which a brief message is written
describing a transaction
13.
Proving cash- determining that the amount of cash
agrees with the accounting records.
Vocabulary Story
One day, I was in the check out line, when the casher
gave me a bad receipt. I knew that something was right
so I decide to check it. I used my credit card to
AYU
Pg. 62 1-3
1. In jounaralizing transactions are recorded in a journal.
2. Source documents are important because it’s a business paper which information is
contained.
3. The four parts of a journal is special amount column, general amount column accuracy and
record.
Pg. 66 1-3
1. The journal column used to record paying cash for insurance is the general debit
column and cash credit column.
2. The column used to record buying supplies on account is general debit column.
3. The column used to record paying cash on account is general debit column and cash
credit column.
Pg. 72 1-5
1. Column used for receiving cash from sales is cash debit column and sales credit
column.
2. Column used for sales on account is sales credit column.
3. Columns used for paying cash for an expense is zero debit column and cash credit
column.
4. Columns used for receiving cash on account is cash credit column.
5. Columns paying cash to the owner for personal use is zero credit column and cash
credit column.
Pg. 78 1-3
1. The 3 steps are: -add each of the amount columns, -add a debit column total and then
add the credit total column, -verify the total debit and credit are equal.
2. The formula for proving cash is: cash on hand at the beginning of the month plus total
cash received during the month equals total less total cash paid during the month
equals cash balance at the end of the month.
3. 1 rule a sign line across all amount columns
2. Next line write the date,31
3. Write the word total in account title column
4. Write down each column total below the single line
5. Rule double lines below the column taotalss.