Accounting - Chapter 3
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.
Chapter 3 PowerPoint
Chapter 3 Quizlet
Application Problem 3-1
Application Problem 3-2
Application Problem 3-3
Application Problem 3-4