Accounting

Accounting - Chapter 3

Chapter Objectives

  • Define what a journal is and explain why it is used to record transactions.
  • Compare and contrast different types of source documents.
  • Identify the four parts of a journal entry.
  • Analyze and record cash transactions using source documents.
  • Analyze and record transactions for buying and paying on account.
  • Analyze and record transactions that affect owner’s equity.
  • Analyze and record sales and receipts of cash on account.
  • Prove and rule a journal.
  • Demonstrate how to prove cash.
  • Identify and correct errors using standard accounting practices.

Journalizing Transactions

Chapter 3 PowerPoint

3-1 | 3-2 | 3-3 | 3-4

Chapter 3 Quizlet

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Application Problem 3-1

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Application Problem 3-2

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Application Problem 3-3

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Application Problem 3-4

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