Terms
Source Documents
Five-Column Journal
Proving
Potpourri
100
A form for recording transactions in chronological order
What is a journal?
100
A business form giving written acknowledgement for cash received
What is a receipt?
100
Every entry in a Five-Column journal will have equal debits and....
What are credits?
100
When at the end of a journal page, every column is totaled and this is written as the account title
What is carried forward?
100
This is the edition of your accounting text book.
What is seventh?
200
Information for each transaction recorded in a journal.
What is an entry?
200
An invoice used as a source document for recording a sale on account
What is a sales invoice?
200
This will only be written once for the first entry of a journal page
What is the month?
200
In order to prove a journal page, all columns must be totaled and these must be equal
What are debits and credits?
200
This is what you should use for all accounting actions incase you make a mistake
What is a pencil?
300
A business paper from which information is obtained for a journal entry
What is a source document?
300
This source document requires two general accounts to be properly journalized
What is a memo?
300
When writing an entry that requires two rows, the first account should be the one that is...
What is debited?
300
When totals are taken from the end of one page and placed at the beginning of the next, this is written as the account title of the new page
What is brought forward?
300
Diurnalis, which is latin, means this in english
What is daily?
400
A journal amount column headed with an account title
What is a special amount column?
400
This source document calls for a check mark to be placed in the account title column
What is a calculator tape?
400
An account title explains what account is being journalized in this debit or credit column
What is the general column?
400
Once you are sure the total debits equal the total credits for a journal page you should do this
What is double rule the column totals?
400
This is Mr. Beuhring's favorite food. Hint: it comes from the sea.
What are crab legs?
500
A form describing the goods or services sold, the quantity, and the price
What is an invoice?
500
This is the source document for cash payments
What is a check?
500
This is the account with only one special column that is credited
What is sales?
500
Once the transactions for a month are finished being journalized and the final journal page is proven, you must do this.
What is prove cash?
500
After graduating from college, this man got his first Wall Street job as a junior accountant and would eventually go on to form General Electric.
Who is J.P. Morgan?
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