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Chapter 3

STUDY
PLAY
Journal
A form of recording transactions in chronological order
Journalizing
Recording transactions in a journal
Entry
Information for each transaction recorded in a journal
General Journal
A journal with two amounts columns in which all kinds of entries can be recorded.
Double-Entry Accounting
The recording of debit and credit parts of a transaction
Source Document
A business paper from which information is obtained for a journal entry
Check
A business from ordering a bank to pay cash from a bank accounting
Invoice
A form describing goods or services sold, the quantity, and the price
Sales Invoice
An invoice used as a source document for recording a sale on account
Receipt
A business form giving written acknowledgement for cash received
Memorandum
A form on which a brief message is written describing a transaction