ACCOUNTING CHAPTER 6 REVIEW

Recording transactions in a journal

• memorandum

• journaling

• double-entry accounting

• invoicing

The recording of debit and credit parts of a transaction

• entry

• double-entry accounting

• journaling

• calculator tape

A business paper from which information is obtained for a journal entry

• source document

• journal

• memorandum

• double-entry accounting

A business form ordering a bank to pay cash from a bank account

• sales invoice

• check

• calculator tape

• source document

A form describing the goods or services sold, the quantity, the price, and the terms of sale

• invoice

• memorandum

• journal

• receipt

A business form giving written acknowledgement for cash received

• check

• memorandum

• sales invoice

• receipt

A form on which a brief message is written to describe a transaction

• receipt

• invoice

• memorandum

• journal

Information on a journal includes the debit and credit parts of each transaction recorded in one place.

• True

• False

A memorandum is the source document used when items are paid in cash.

• True

• False

The accounts that are affected when an investment is paid in cash are (check all that apply)

• Cash

• Sales

• Owner, Capital

• Prepaid insurance