The _________ process consists of: (1) analyzing the transaction, (2) entering transaction in journal, and (3) transferring the journal information to the ledger accounts.
A ________ entry is a journal entry that involves 3+ accounts.
A ______ or natural balance is when the final account balance is located on the side (debit or credit) where an increase would be recorded.
One of the ___________ of a trial balance is that it may balance even if a journal entry is posted twice.
The _____ of ACCOUNTS is a list of accounts and the account numbers that identify their location in the ledger.
A debit will ________ the following accounts: Dividends, Expenses, and Assets.
Entering transaction data in the journal is known as ____________.
The master ledger containing all of the asset, liability, and stockholder's equity accounts.
An individual accounting record of increases and decreases in a specific asset, liability, or stockholder's equity category.
_________ an account means that you are adding dollars to the right side of an account.
A ______ entry is a journal entry that only involves two accounts.
The procedure of transferring journal entries to the ledger accounts.
Down
DEBITING an account means that you are ______ dollars to the left side of an account.
A debit will ________ the following accounts: Common Stock, Retained Earnings, Revenues, and Liabilities.
______ signs are only used for the first and last numbers in the Financial Statements and Trial Balance. They are not used in the general journal.
The original book of entry where the company's transactions are listed in chronological order.
A list of accounts and their balances at any given time.
A double _________ signifies that a dollar amount is the the final or total sum of that column.
The right side of an account.
The T-ACCOUNT is the most _____ form of an account, consisting of a (1) Title, (2) Debit side [left], and (3) Credit side [right].
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