Chart of Accounts
Creating Journal
Debit or Credit
Parts of A Check
Vocabulary
100
A group of accounts is called?
A ledger
100
What is a General Journal?
A journal with two amount columns in which all kinds of entries can be recorded.
100
Paid $275 in cash for supplies
Cash- Credit
Supplies- Debit
100
What is a check?
A source document for cash payments.
100
Journalizing
Recording Transactions in a journal is called?
200
Which number in the account number stays the same and tells the account?
The first number
200
How are transactions recorded?
By date
200
Paid $1200 in cash for insurance
Cash- Credit
Insurance - Debit
200
How many parts are there to a check?
Ten
200
What is a group of accounts called?
A ledger
300
What are the two division parts of the chart of accounts?
Balance Sheet Accounts and Income Statement Accounts
300
What is the minimum accounts that can be recorded in a journal?
A Minimum of Ten
300
Bought Supplies for $500 from Supply Depot
Accounts Payable Supply Depot- Credit
Bought Supplies on Account- Debit
300
What is the number at the top of a check called?
Check Number
300
What is a ledger that contains all accounts needed to prepare financial statements called?
General Ledger
400
What are the five accounts that goes under assets?
Cash, Accounts Receivable, Supplies, Petty cash, and Prepaid insurance
400
What is an entry and how many parts does it have?

Information for each transaction recorded in the journal. The four parts are date, debit, credit, and source document. 
400
Paid 10,000 in Cash on account to Tamiya Thomas
AP Tamiya Thomas is debit
Cash is Credit
400
Is the name of the bank included on the check?
Yes
400
How do you "open an account" on a general ledger? 
Write the account title and number on the heading of the account.
500
Place the accounts in order from 100 to 500?
100-Assets, 200-Liabilities, 300-Owner's Equity, 400-Revenue, 500-Revenue
500
If an account increases by _____ it goes on the _____ side of a journal.
If an account decreases by _____ it goes on the ______ side.
Debit, Left ; Credit, Right
500
Paid $200 in cash for insurance
Prepaid insurance- Debit
Cash- Credit
500
Name Parts of A Check.
Check Number, Date, Recipient, Amount in numbers, Amount in words, Signature of Account Holder, Account Holder's Bank, Memo, Account Number, and Route Number
500
What is accounts receivable?
A ledger containing only accounts for charged customers.
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