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Study sets matching "accounting general journal"

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Study sets matching "accounting general journal"

15 terms
Accounting - General Journal and General Ledger
General Ledger
Special Columns
Chronilogical
source document
collection of the firm's records organized by account; often…
A journal amount column headed with an account title
Transactions are recorded in a journal in what type of order?
A business paper from which information is obtained for a jou…
General Ledger
collection of the firm's records organized by account; often…
Special Columns
A journal amount column headed with an account title
10 terms
Accounting general journal
Journal
Journalizing
Entry
Double-entry accounting
A form of recording transactions in chronological order.
Recording transactions In a journal
Information for each transaction recorded in a journal
The recording of debit and credit parts of a transaction.
Journal
A form of recording transactions in chronological order.
Journalizing
Recording transactions In a journal
20 terms
Chapter 6: The Accounting Cycle & General Journal
Accounting Cycle
Source Documents
Invoice
Receipt
The accounting period of a business is separated into activit…
A paper prepared as evidence that a transaction occurred
A bill that lists the quantity, description, unit price, and…
A form that serves as a record of cash (or payment) received
Accounting Cycle
The accounting period of a business is separated into activit…
Source Documents
A paper prepared as evidence that a transaction occurred
13 terms
Accounting - General Journals
Share Issue
Payment of legal fees and prospectus r…
Share Repurchase (loss)
Share repurchase (gain)
Bank xx ... --------------------------------------------... Contri…
Contributed Equity xx... --------------------------------------…
Contributed Equity xx... ---------------------------------------…
Contributed Equity xx... ---------------------------------------…
Share Issue
Bank xx ... --------------------------------------------... Contri…
Payment of legal fees and prospectus r…
Contributed Equity xx... --------------------------------------…
5 terms
Unit 3 Accounting - 7. The General Journal
General Journal
narration
commencing entry
bad debt
an accounting record used to record infrequent, non-cash tran…
a brief description of a transaction recorded in the General…
a General Journal entry to establish double-entry records by…
an expense incurred when a debt is written off because it is…
General Journal
an accounting record used to record infrequent, non-cash tran…
narration
a brief description of a transaction recorded in the General…
13 terms
Accounting Posting from General Journal to General Ledger
SEC
Account Form
Account Balance
T Account
Securities and Exchange Commission: continues today to regula…
Based on and includes the debit and credit columns, space is…
Calculated and recorded as each entry is recorded in the acco…
An accounting device used to analyze transactions.
SEC
Securities and Exchange Commission: continues today to regula…
Account Form
Based on and includes the debit and credit columns, space is…
18 terms
Accounting Exam 1 General Journal
Invested $$ in exchange for capital st…
Purchased land for cash
Purchase of building. Made down paymen…
Tools and equipment bought for $$ due…
Cash debit, capital stock credit
Land debit, cash credit
Building debit, cash credit, note payable credit
Tools and equipment debit, account payable credit
Invested $$ in exchange for capital st…
Cash debit, capital stock credit
Purchased land for cash
Land debit, cash credit
26 terms
Brogaard - Accounting General Journal, 9E: Chapter 03
journal
journalizing
entry
general journal
a form for recording transactions in chronological order
recording transactions in a journal
information for each transaction recorded in a journal
a journal with two amount columns in which all kinds of entri…
journal
a form for recording transactions in chronological order
journalizing
recording transactions in a journal
11 terms
Accounting Chapter 3 C21 General Journal
Paid cash for supplies.
Sold services for Cash
Paid for Utilities
Sold services on account to Sally Jaco…
Debit Supplies... Credit Cash
Debit Cash... Credit Sales
Debit Cash... Credit Utilties Expense
Debit Accounts Receivable Sally Jacobsen... Credit Sales
Paid cash for supplies.
Debit Supplies... Credit Cash
Sold services for Cash
Debit Cash... Credit Sales
8 terms
Accounting General Journal chp 4
Ledger
General ledger
Account number
file maintenance
A group of accounts.
A ledger that contains all accounts needed to prepare financi…
The number assigned to an account
The procedure for arranging accounts in a general ledger, ass…
Ledger
A group of accounts.
General ledger
A ledger that contains all accounts needed to prepare financi…
27 terms
Accounting General Journal chp 1
accounting
accounting system
financial statements
net worth statement
the action or process of keeping financial accounts
the system used to manage the income, expenses, and other fin…
record of the financial activities and position of a business…
A formal report that shows what an individual owns, what an i…
accounting
the action or process of keeping financial accounts
accounting system
the system used to manage the income, expenses, and other fin…
10 terms
Accounting General Journal chp 3
journal
Journalizing
entry
double entry accounting
a form for recording transactions in a chronological order
recording transactions in a journal
information for each transaction recorded in a journal
the recording of debit and credit parts of a transaction
journal
a form for recording transactions in a chronological order
Journalizing
recording transactions in a journal
18 terms
Accounting General Journal chp 5
Checking account
deposit slip
endorsement
blank endorsement
A bank account from which payments can be ordered by a deposi…
A bank form which lists the checks, currency, and coins an ac…
A signature or stamp on the back of a check transferring owne…
An endorsement consisting only of the endorser's signature.
Checking account
A bank account from which payments can be ordered by a deposi…
deposit slip
A bank form which lists the checks, currency, and coins an ac…
47 terms
Accounting General Journal : Chapter 09
capital stock
cash discount
cash over
cash payments journal
total shares of ownership in a corporation
a deduction that a vendor allows on the invoice amount to enc…
a petty cash on hand amount that is more than a recorded amount
a special journal used to record only cash payment transactions
capital stock
total shares of ownership in a corporation
cash discount
a deduction that a vendor allows on the invoice amount to enc…
15 terms
Accounting General Journal,: Chapter 08
adjusting entries
permanent accounts
temporary accounts
closing entries
journal entries recorded to update general ledger accounts at…
accounts used to accumulate information from one fiscal perio…
accounts used to accumulate information until it is transferr…
journal entries used to prepare temporary accounts for a new…
adjusting entries
journal entries recorded to update general ledger accounts at…
permanent accounts
accounts used to accumulate information from one fiscal perio…
11 terms
Accounting 1Recording Transactions in a General Journal
Check
entry
invoice
journal
a business form ordering a bank to pay cash from a bank account
information for each transaction recorded in a journal
a form describing the goods or services sold, the quantity, a…
a form for recording transactions in chronological order
Check
a business form ordering a bank to pay cash from a bank account
entry
information for each transaction recorded in a journal
8 terms
Accounting Posting Journal Entries to General Ledger Accounts
correcting entry
proving the ledger
transposition error
posting
A ________ must be made when an error in a journal entry is d…
Adding all the debit balances and all the credit balances of…
A _______ results when two numbers are accidentally reversed.
The process of transferring the information in a journal entr…
correcting entry
A ________ must be made when an error in a journal entry is d…
proving the ledger
Adding all the debit balances and all the credit balances of…
32 terms
Accounting General Journal, 9E: Chapter 01
accounting
accounting system
accounting records
financial statements
planning, recording, analyzing, and interpreting financial in…
a planned process for providing financial information that wi…
organized summaries of a business's financial activities
Financial reports that summarize the financial condition and…
accounting
planning, recording, analyzing, and interpreting financial in…
accounting system
a planned process for providing financial information that wi…
26 terms
Accounting General Journal, 9E: Chapter 03
journal
journalizing
entry
general journal
a form for recording transactions in chronological order
recording transactions in a journal
information for each transaction recorded in a journal
a journal with two amount columns in which all kinds of entri…
journal
a form for recording transactions in chronological order
journalizing
recording transactions in a journal
36 terms
Accounting General Journal, 9E: Chapter 14
accumulated depreciation
allowance method of recording losses f…
board of directors
book value
the total amount of depreciation expense that has been record…
crediting the estimated value of uncollectible accounts to a…
a group of persons elected by the stockholders to manage a co…
the difference between an asset's account balance and its rel…
accumulated depreciation
the total amount of depreciation expense that has been record…
allowance method of recording losses f…
crediting the estimated value of uncollectible accounts to a…
10 terms
accounting chapter 7- posting journal entries to general journal accounts
general ledger
ledger account form
posting
proving the ledger
a group of accounts used by a business
the accounting stationary used to record financial informatio…
the process of transferring information from the general jour…
adding all debit balance and all credit balance of ledger acc…
general ledger
a group of accounts used by a business
ledger account form
the accounting stationary used to record financial informatio…
23 terms
Accounting Chapter 4 General Journal, General Ledger
Accounting cycle
Chronological order
Journal (record of original entry)
General Journal
a series of steps performed during each accounting period to…
the order in which they occur
a diary of business activities.(it is where transactions are…
a financial record for entering all types of business transac…
Accounting cycle
a series of steps performed during each accounting period to…
Chronological order
the order in which they occur
47 terms
Accounting General Journal, 9E: Chapter 09
capital stock
cash discount
cash over
cash payments journal
total shares of ownership in a corporation
a deduction that a vendor allows on the invoice amount to enc…
a petty cash on hand amount that is more than a recorded amount
a special journal used to record only cash payment transactions
capital stock
total shares of ownership in a corporation
cash discount
a deduction that a vendor allows on the invoice amount to enc…
16 terms
Accounting General Journal, 9E: Chapter 04
ledger
general ledger
account number
file maintenance
a group of accounts
a ledger that contains all accounts needed to prepare financi…
the number assigned to an account
the procedure for arranging accounts in a general ledger, ass…
ledger
a group of accounts
general ledger
a ledger that contains all accounts needed to prepare financi…
18 terms
Accounting General Journal, 9E: Chapter 11
accounts payable ledger
accounts receivable ledger
controlling account
schedule of accounts payable
a subsidiary ledger containing only accounts for vendors from…
a subsidiary ledger containing only accounts for charge custo…
an account in a general ledger that summarizes all accounts i…
a listing of vendor accounts, account balances, and total amo…
accounts payable ledger
a subsidiary ledger containing only accounts for vendors from…
accounts receivable ledger
a subsidiary ledger containing only accounts for charge custo…
23 terms
Accounting General Journal, 9E: Chapter 05
code of conduct
checking account
endorsement
blank endorsement
a statement that guides the ethical behavior of a company and…
a bank account from which payments can be ordered by a deposi…
a signature or stamp on the back of a check transferring owne…
an endorsement consisting only of the endorser's signature... Ex…
code of conduct
a statement that guides the ethical behavior of a company and…
checking account
a bank account from which payments can be ordered by a deposi…
19 terms
Accounting General Journal, 9E: Chapter 06
fiscal period
work sheet
trial balance
adjustments
the length of time for which a business summarizes and report…
a columnar accounting form used to summarize the general ledg…
a proof of the quality of debits and credits in a general led…
changes recorded on a work sheet to update general ledger acc…
fiscal period
the length of time for which a business summarizes and report…
work sheet
a columnar accounting form used to summarize the general ledg…
16 terms
Accounting General Journal, 9E: Chapter 13
federal unemployment tax
lookback period
state unemployment tax
What account title is used to journali…
a federal tax used for state and federal administrative expen…
the 12-month period that ends on June 30th of the prior year
a state tax used to pay benefits to unemployed workers
Salary Expense
federal unemployment tax
a federal tax used for state and federal administrative expen…
lookback period
the 12-month period that ends on June 30th of the prior year
13 terms
Accounting General Journal, 9E: Chapter 02
T account
debit
credit
normal balance
the accounting device used to analyze transactions
an amount recorded on the left side of a T account
an amount recorded on the right side of a T account
the side of the account that is increased
T account
the accounting device used to analyze transactions
debit
an amount recorded on the left side of a T account
9 terms
Chapter 11 Account for Transactions Using General Journal
general journal
purchases return
purchases allowances
sales return
A journal with two amount columns in which all kinds of entri…
Credit allowed for the purchase price of returned merchandise…
Credit allowed for part of the purchase price of merchandise…
Credit allowed to a customer for the sales price of returned…
general journal
A journal with two amount columns in which all kinds of entri…
purchases return
Credit allowed for the purchase price of returned merchandise…
16 terms
Accounting General Journal, 9E: Chapter 13
federal unemployment tax
lookback period
state unemployment tax
What account title is used to journali…
a federal tax used for state and federal administrative expen…
the 12-month period that ends on June 30th of the prior year
a state tax used to pay benefits to unemployed workers
Salary Expense
federal unemployment tax
a federal tax used for state and federal administrative expen…
lookback period
the 12-month period that ends on June 30th of the prior year
16 terms
Accounting General Journal, 9E: Chapter 13
federal unemployment tax
lookback period
state unemployment tax
What account title is used to journali…
a federal tax used for state and federal administrative expen…
the 12-month period that ends on June 30th of the prior year
a state tax used to pay benefits to unemployed workers
Salary Expense
federal unemployment tax
a federal tax used for state and federal administrative expen…
lookback period
the 12-month period that ends on June 30th of the prior year
22 terms
Accounting General Journal Chapter 1 & 2
Account
Account Balance
Account Title
Accounting
A record summarizing all the information pertaining to a sing…
The amount in an account
The name given to an account
Planning, recording, analyzing, and interpreting financial in…
Account
A record summarizing all the information pertaining to a sing…
Account Balance
The amount in an account
Accounting General Journal, 9E: Chapter 08
adjusting entries
permanent accounts
temporary accounts
closing entries
journal entries recorded to update general ledger accounts at…
accounts used to accumulate information from one fiscal perio…
accounts used to accumulate information until it is transferr…
journal entries used to prepare temporary accounts for a new…
adjusting entries
journal entries recorded to update general ledger accounts at…
permanent accounts
accounts used to accumulate information from one fiscal perio…
32 terms
Accounting General Journal, 9E: Chapter 01
accounting
accounting system
accounting records
financial statements
planning, recording, analyzing, and interpreting financial in…
a planned process for providing financial information that wi…
organized summaries of a business's financial activities
Financial reports that summarize the financial condition and…
accounting
planning, recording, analyzing, and interpreting financial in…
accounting system
a planned process for providing financial information that wi…
13 terms
Accounting Chapter 3 Vocab: Recording Transactions in a General Journal
Journal
Journalizing
Entry
General Journal
A form for recording transactions in chronological order
Recording transactions in a journal
Information for each transaction recorded in a journal
A journal with two amount columns in which all kinds of entri…
Journal
A form for recording transactions in chronological order
Journalizing
Recording transactions in a journal
25 terms
Accounting General Journal, 9E: Chapter 10
batch report
batching out
cash receipts journal
cash sale
a report of credit card sales produced by a point-of-sale ter…
the process of preparing a batch report of credit card sales…
a special journal used to record only cash receipt transactions
a sale in which cash is received for the total amount of the…
batch report
a report of credit card sales produced by a point-of-sale ter…
batching out
the process of preparing a batch report of credit card sales…
16 terms
Accounting General Journal, 9E: Chapter 13
federal unemployment tax
lookback period
state unemployment tax
What account title is used to journali…
a federal tax used for state and federal administrative expen…
the 12-month period that ends on June 30th of the prior year
a state tax used to pay benefits to unemployed workers
Salary Expense
federal unemployment tax
a federal tax used for state and federal administrative expen…
lookback period
the 12-month period that ends on June 30th of the prior year
16 terms
Accounting General Journal, 9E: Chapter 13
federal unemployment tax
lookback period
state unemployment tax
What account title is used to journali…
a federal tax used for state and federal administrative expen…
the 12-month period that ends on June 30th of the prior year
a state tax used to pay benefits to unemployed workers
Salary Expense
federal unemployment tax
a federal tax used for state and federal administrative expen…
lookback period
the 12-month period that ends on June 30th of the prior year
15 terms
cengage: Century 21 Accounting General Journal Chapter 6 Worksheets
Accrual basis of accounting
Adjusted trial balance
Adjusting entries
Adjustments
Reporting income when earned and expenses when incurred.
A trial balance prepared after adjusting entries are posted.
Journal entries recorded to update general ledger accounts at…
Changes recorded on a work sheet to update general ledger acc…
Accrual basis of accounting
Reporting income when earned and expenses when incurred.
Adjusted trial balance
A trial balance prepared after adjusting entries are posted.
11 terms
Accounting: Chapter 11 Transactions Using a General Journal Vocabulary
general journal
purchases return
purchases allowance
debit memorandum
a journal with two amount columns in which all kinds of entri…
credit allowed for the purchase price of returned merchandise…
credit allowed for part of the purchases price of merchandise…
a form prepared by the customer showing the price deduction t…
general journal
a journal with two amount columns in which all kinds of entri…
purchases return
credit allowed for the purchase price of returned merchandise…
12 terms
Chapter 11: Accounting for Transactions Using a General Journal
Board of directors
Credit memorandum
Debit memorandum
Declaring a dividend
A group of persons elected by the stockholders to govern a co…
A form prepared by the vendor showing the amount deducted for…
A form prepared by the customer showing the price deduction t…
Action by a board of directors to distribute corporate earnin…
Board of directors
A group of persons elected by the stockholders to govern a co…
Credit memorandum
A form prepared by the vendor showing the amount deducted for…
Posting Journal Entries to General Ledger Accounts
Posting
General Ledger
Ledger Account Forms
Proving the Ledger
The process of transferring information from the journal to i…
A permanent record organized by account number
The accounting stationery used to record financial informatio…
Adding all debit balances and all credit balances of ledger a…
Posting
The process of transferring information from the journal to i…
General Ledger
A permanent record organized by account number
14 terms
Century 21 Accounting General Journal 10e Chapter 10 Vocabulary
Selling Price
Markup
Accounts Receivable Ledger
Sales Tax
The amount a business receives from the sale of an item of me…
The amount a business adds to the cost of merchandise to esta…
A subsidiary ledger containing all accounts for charge custom…
A tax on sale of merchandise or services
Selling Price
The amount a business receives from the sale of an item of me…
Markup
The amount a business adds to the cost of merchandise to esta…
24 terms
Century 21 Accounting General Journal 10e Chapter 12 Vocabulary
Wage
Salary
Commission
Total Earnings
The amount paid to an employee for every hour worked
A fixed annual sum of money divided among equal pay period
A method of paying an employee based on the amount of sales t…
The total amount paid by a business for an employee's work, e…
Wage
The amount paid to an employee for every hour worked
Salary
A fixed annual sum of money divided among equal pay period
8 terms
Posting Journal Entries to General Ledger Accounts
Correcting Entry
General Ledger
Ledger Account Forms
Posting
An entry made to correct an error in a journal entry discover…
A permanent record organized by account number.
The accounting stationary used to record financial informatio…
The process of transferring information from the journal to i…
Correcting Entry
An entry made to correct an error in a journal entry discover…
General Ledger
A permanent record organized by account number.
12 terms
Century 21 Accounting General Journal 10e Chapter 11 Vocabulary
General Journal
Purchases Return
Purchases Allowance
Debit Memorandum
A journal with two amount columns in which all kinds of entri…
Credit allowed for the purchase price of returned merchandise…
Credit allowed for part of the purchase price of merchandise…
A form prepared by the customer showing the price deduction t…
General Journal
A journal with two amount columns in which all kinds of entri…
Purchases Return
Credit allowed for the purchase price of returned merchandise…
41 terms
Century 21 Accounting General Journal 10e Chapter 9 Vocabulary
Merchandise
Merchandising Business
Retail Merchandising Business
Wholesale Merchandising Business
Goods that a business purchases to sell
A business that purchases and resells goods
A merchandising business that sells to those who use or consu…
Buys and resells merchandise primarily to other merchandising…
Merchandise
Goods that a business purchases to sell
Merchandising Business
A business that purchases and resells goods
23 terms
Century 21 Accounting General Journal 10e Chapter 14 Vocabulary
Uncollectible Accounts
Allowance Method
Book Value
Book Value of Accounts Receivable
Accounts receivable that cannot be collected
Crediting the estimated value of uncollectible accounts to a…
The difference between an asset's account balance and its rel…
The difference between the balance of Accounts Receivable and…
Uncollectible Accounts
Accounts receivable that cannot be collected
Allowance Method
Crediting the estimated value of uncollectible accounts to a…
17 terms
Century 21 Accounting General Journal 10e Chapter 15 Vocabulary
Unadjusted Trial Balance
Beginning Inventory
Ending Inventory
Accrued Revenue
A trial balance prepared before adjusting entries are posted
The amount of inventory on hand at the beginning of a fiscal…
The actual count of merchandise at the end of a fiscal period
Revenue earned in one fiscal period but not received until a…
Unadjusted Trial Balance
A trial balance prepared before adjusting entries are posted
Beginning Inventory
The amount of inventory on hand at the beginning of a fiscal…
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