Matching exercise
Match the items on the right to the items on the left.
Check
Adjusting Entries
???
A special journal for all cash payments.
A listing of all the debit and credit account balances.
The journal used to record adjusting entries.
Entries made at the end of the accounting period that zeroes out revenue and expense accounts.
The normal balance of the sales account.
The normal balance of a customer's account receivable.
A contra account.
The journal used to record a cash sale.
A detailed listing of the balances that make up a Control Account.
The financial statement that determines profit or loss.
Entries made at the end of an accounting period to adjust the balance of some accounts.
A source document that provides proof that a sale has occurred.
The financial statement based on the accounting equation.
Balance Sheet
???
A special journal for all cash payments.
A listing of all the debit and credit account balances.
The journal used to record adjusting entries.
Entries made at the end of the accounting period that zeroes out revenue and expense accounts.
The normal balance of the sales account.
The normal balance of a customer's account receivable.
A contra account.
The journal used to record a cash sale.
A detailed listing of the balances that make up a Control Account.
The financial statement that determines profit or loss.
Entries made at the end of an accounting period to adjust the balance of some accounts.
A source document that provides proof that a sale has occurred.
The financial statement based on the accounting equation.
Cash Disbursements Journal
???
A special journal for all cash payments.
A listing of all the debit and credit account balances.
The journal used to record adjusting entries.
Entries made at the end of the accounting period that zeroes out revenue and expense accounts.
The normal balance of the sales account.
The normal balance of a customer's account receivable.
A contra account.
The journal used to record a cash sale.
A detailed listing of the balances that make up a Control Account.
The financial statement that determines profit or loss.
Entries made at the end of an accounting period to adjust the balance of some accounts.
A source document that provides proof that a sale has occurred.
The financial statement based on the accounting equation.
Cash Receipts Journal
???
A special journal for all cash payments.
A listing of all the debit and credit account balances.
The journal used to record adjusting entries.
Entries made at the end of the accounting period that zeroes out revenue and expense accounts.
The normal balance of the sales account.
The normal balance of a customer's account receivable.
A contra account.
The journal used to record a cash sale.
A detailed listing of the balances that make up a Control Account.
The financial statement that determines profit or loss.
Entries made at the end of an accounting period to adjust the balance of some accounts.
A source document that provides proof that a sale has occurred.
The financial statement based on the accounting equation.
Closing Entries
???
A special journal for all cash payments.
A listing of all the debit and credit account balances.
The journal used to record adjusting entries.
Entries made at the end of the accounting period that zeroes out revenue and expense accounts.
The normal balance of the sales account.
The normal balance of a customer's account receivable.
A contra account.
The journal used to record a cash sale.
A detailed listing of the balances that make up a Control Account.
The financial statement that determines profit or loss.
Entries made at the end of an accounting period to adjust the balance of some accounts.
A source document that provides proof that a sale has occurred.
The financial statement based on the accounting equation.
Debit
???
A special journal for all cash payments.
A listing of all the debit and credit account balances.
The journal used to record adjusting entries.
Entries made at the end of the accounting period that zeroes out revenue and expense accounts.
The normal balance of the sales account.
The normal balance of a customer's account receivable.
A contra account.
The journal used to record a cash sale.
A detailed listing of the balances that make up a Control Account.
The financial statement that determines profit or loss.
Entries made at the end of an accounting period to adjust the balance of some accounts.
A source document that provides proof that a sale has occurred.
The financial statement based on the accounting equation.
Credit
???
A special journal for all cash payments.
A listing of all the debit and credit account balances.
The journal used to record adjusting entries.
Entries made at the end of the accounting period that zeroes out revenue and expense accounts.
The normal balance of the sales account.
The normal balance of a customer's account receivable.
A contra account.
The journal used to record a cash sale.
A detailed listing of the balances that make up a Control Account.
The financial statement that determines profit or loss.
Entries made at the end of an accounting period to adjust the balance of some accounts.
A source document that provides proof that a sale has occurred.
The financial statement based on the accounting equation.
General Journal
???
A special journal for all cash payments.
A listing of all the debit and credit account balances.
The journal used to record adjusting entries.
Entries made at the end of the accounting period that zeroes out revenue and expense accounts.
The normal balance of the sales account.
The normal balance of a customer's account receivable.
A contra account.
The journal used to record a cash sale.
A detailed listing of the balances that make up a Control Account.
The financial statement that determines profit or loss.
Entries made at the end of an accounting period to adjust the balance of some accounts.
A source document that provides proof that a sale has occurred.
The financial statement based on the accounting equation.
Income Statement
???
A special journal for all cash payments.
A listing of all the debit and credit account balances.
The journal used to record adjusting entries.
Entries made at the end of the accounting period that zeroes out revenue and expense accounts.
The normal balance of the sales account.
The normal balance of a customer's account receivable.
A contra account.
The journal used to record a cash sale.
A detailed listing of the balances that make up a Control Account.
The financial statement that determines profit or loss.
Entries made at the end of an accounting period to adjust the balance of some accounts.
A source document that provides proof that a sale has occurred.
The financial statement based on the accounting equation.
Subsidiary Ledger
???
A special journal for all cash payments.
A listing of all the debit and credit account balances.
The journal used to record adjusting entries.
Entries made at the end of the accounting period that zeroes out revenue and expense accounts.
The normal balance of the sales account.
The normal balance of a customer's account receivable.
A contra account.
The journal used to record a cash sale.
A detailed listing of the balances that make up a Control Account.
The financial statement that determines profit or loss.
Entries made at the end of an accounting period to adjust the balance of some accounts.
A source document that provides proof that a sale has occurred.
The financial statement based on the accounting equation.
Trial Balance
???
A special journal for all cash payments.
A listing of all the debit and credit account balances.
The journal used to record adjusting entries.
Entries made at the end of the accounting period that zeroes out revenue and expense accounts.
The normal balance of the sales account.
The normal balance of a customer's account receivable.
A contra account.
The journal used to record a cash sale.
A detailed listing of the balances that make up a Control Account.
The financial statement that determines profit or loss.
Entries made at the end of an accounting period to adjust the balance of some accounts.
A source document that provides proof that a sale has occurred.
The financial statement based on the accounting equation.
Accumulated Depreciation
???
A special journal for all cash payments.
A listing of all the debit and credit account balances.
The journal used to record adjusting entries.
Entries made at the end of the accounting period that zeroes out revenue and expense accounts.
The normal balance of the sales account.
The normal balance of a customer's account receivable.
A contra account.
The journal used to record a cash sale.
A detailed listing of the balances that make up a Control Account.
The financial statement that determines profit or loss.
Entries made at the end of an accounting period to adjust the balance of some accounts.
A source document that provides proof that a sale has occurred.
The financial statement based on the accounting equation.
Purchase Returns & Allowance
???
A special journal for all cash payments.
A listing of all the debit and credit account balances.
The journal used to record adjusting entries.
Entries made at the end of the accounting period that zeroes out revenue and expense accounts.
The normal balance of the sales account.
The normal balance of a customer's account receivable.
A contra account.
The journal used to record a cash sale.
A detailed listing of the balances that make up a Control Account.
The financial statement that determines profit or loss.
Entries made at the end of an accounting period to adjust the balance of some accounts.
A source document that provides proof that a sale has occurred.
The financial statement based on the accounting equation.
Invoice
???
A special journal for all cash payments.
A listing of all the debit and credit account balances.
The journal used to record adjusting entries.
Entries made at the end of the accounting period that zeroes out revenue and expense accounts.
The normal balance of the sales account.
The normal balance of a customer's account receivable.
A contra account.
The journal used to record a cash sale.
A detailed listing of the balances that make up a Control Account.
The financial statement that determines profit or loss.
Entries made at the end of an accounting period to adjust the balance of some accounts.
A source document that provides proof that a sale has occurred.
The financial statement based on the accounting equation.
Check
OK