Chapters 1&2
Chapters 3&4
Chapters 5&6
Chapters 7&8
Chart of Accounts
100
Assets = Liabilities + ?
What is Owner’s Equity
100
A business paper from which information is obtained for a journal entry
What is a Source Document
100
A computerized cash payment that transfers funds without the use of a check, currency, or other paper documents
What is electronic funds transfer
100
A balance sheet reports information about this equation
What is the Accounting Equation
100
Assets are identified by this first number
What is the number 1
200
The account used to summarize Owner’s Equity
What is Capital
200
A business form ordering a bank to pay cash from a bank account
What is a check
200
This endorsement consist of only an endorser’s signature
What is a Blank Endorsement
200
The financial statement which reports financial information over a specific period of time
What is the Income Statement
200
The first number of an account number identifies this
What is the General Ledger Division
300
An amount recorded on the right side of an account
What is Debit
300
A ledger that contains all the accounts needed to prepare a financial statement
What is the General Ledger
300
This form is used to summarize general ledger information needed to prepare financial statements
What is a Work Sheet
300
A trial balance prepared after the closing entries are posted
What is a Post-Closing Trial Balance
300
Revenue is identified by this first number
What is the number four
400
A list of accounts used by a business
What is a Chart of Accounts
400
Transferring information from a journal entry to a ledger
What is Posting
400
The financial statement that reports financial information on a specific date
What is the Balance Sheet
400
The number of closing entries
What is four
400
In the Chart of Accounts, Expenses are usually listed in this order
What is Alphabetical
500
The side of an account that increases
What is the Normal Balance
500
This is done when an account title and number is written on the heading of an account
What is Opening an Account
500
Changes recorded on a work Sheet to update general ledger accounts
What are Adjustments
500
Revenue and Expense accounts are closed into this account
What is Income Summary
500
The first number in the account number used to identify Owner's Equity
What is the number 3
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