Recording Transactions in a General Ledger

Journal – a form for recording transactions in chronological order. Journaling – recording transactions in a journal.

Entry – Info for each transaction recorded in a journal General Journal – a journal with two amount columns used to record all types of entries. Double-Entry Accounting – Recording debit and credit parts of a transaction. Each transaction affect at least two accounts.

Source Document – a business paper from which info is obtained for a journal entry. Check – a business form ordering a bank to pay cash from a bank account. Invoice – a form describing the good or services sold, the quantity, and the price. Sales Invoice – an invoice used for recording a sale on account.

Receipt – a business form giving written acknowledgement for cash received. Memorandum – a form on which a brief message is written describing a transaction. Calculator Tape – tape from an electronic calculator.

1. Write the date in the Date column. The month and year are only written with the 1 st date on the page. 2. Write the title of the account debited in the Account Title column. 3. Write the debit amount in the Debit column.

4. Write the title of the account credited in the Account Title column. Indent the title. 5. Write the credit amount in the Credit column. 6. Write the Source Document Number on the 1 st line of the entry in the Doc. No. column.