Source Documents
This is a document that forces the bank to pay an amount.
What is a check
A sales invoice is generated to a customer that purchased services on account agreeing to terms of Net 30
What is Debit Accounts Receivable, Credit Sales and S is the Source Document
You purchase supplies from a vendor and agree to pay at a later date.
What is Debit Supplies and Credit Accounts Payable
Recording transactions in a journal is called...
Used when items have been purchased with cash, or payments were made on account.
Receipt
Was presented with Calculator tape number 15 from the cashier.
Debit Cash, Credit Sales, T is the Source Document
Investment of cash from owner into the business.
Debit Cash, Credit Capital
Information for each transaction in a journal is called...
What is an entry.
A Document that will include who an item or service is sold too along with how long the customer has to pay (Net 30).
What is Sales Invoice
What is Debit Supplies, Credit Accounts Payable and M is the Source Document
Purchased supplies with cash
What is Debit Supplies, Credit Cash
When you record both the debits and the credits in the Journal is called...
What is Double Entry Accounting
Typically used to notify the accounting group that a purchase on account has been made, and payment will need to be made at a later date.
Memorandum
Wrote check number 200 to pay for rent expense in June
What is Debit Rent Expense and Credit Cash
Customer purchases services with cash
The source Documentation for all cash transactions is a...
What is a Check
A source Document that many think is no longer in use. Is also used when cash and sales are accounts being changed.
What is Calculator Tape
Owner provided cash to initially fund the business.
Debit Cash, Credit Capital, R is the Source Document
Owner requests money from the business for personal use
A complete Journal Entry will include what?
What is Date, Source Document, Debit or Credit