3 – Journalizing Transaction


6320: Accounting

  • 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

Section 1: