- 19: Demonstrate information technology skills.
- 35: Demonstrate the effects of transactions on the accounting equation.
- 36: Use source documents to journalize transactions.
- 38: Prepare customer invoices for a service business.
- 39: Receive vendor invoices for a service business.
- 41: Record transactions in a general journal.
- 50: Summarize the progression from source documents to journals to ledgers to financial reports for a service business.
- 51: Describe record-organization and retention-schedule procedures for a service business.
- 53: Maintain financial records for a service business, using accounting software.
- 101: Explore career opportunities in accounting.
After studying Chapter 3, in addition to defining key terms, you will be able to:
- LO1 Define what a journal is and explain why it is used to record transactions.
- LO2 Compare and contrast different types of source documents.
- LO3 Identify the four parts of a journal entry.
- LO4 Analyze and record cash transactions using source documents.
- LO5 Analyze and record transactions for buying and paying on account.
- LO6 Analyze and record transactions that affect owner’s equity.
- LO7 Analyze and record sales and receipt of cash on account.
- LO8 Demonstrate when to end and how to start a new journal page.
- LO9 Identify and correct errors using standard accounting practices.
Chapter 3 Coversheet (objectives and competencies)
Chapter 3 Textbook
Chapter 3 Vocabulary Acct
Chapter 3 mastery etc. wkprs
Chapter 3 Study Guide
- 3-1 3-2 3-3 3-4 wkprs