Chapter 3

Recording Transactions in a General Journal

3-1 Journals, Source Documents, and Recording Entries in a Journal

• • Journals and Journalizing

  • A General Journal

  • Checks and Sales Invoices

  • Other Source Documents

  • Received Cash from Owner as an Investment

  • Paid Cash for supplies

3-2 Journalizing Buying Insurance, Buying on Account, and Paying on Account

• • Paid Cash for Insurance

  • Bought Supplies on Account

  • Paid Cash on Account

3-3 Journalizing Transactions that Affect Owner's Equity and Receiving Cash on Account

• • Receive cash from Sales

  • Sold Services on Account

  • Paid Cash for an Expense

  • Received Cash on Account

  • Paid Cash to owner for Personal Use

3-4 Starting a New Journal Page

• • A completed Journal Page

  • Starting a New Journal Page

  • Standard Accounting Practices