bellringer - 2.2.10

17. If you were a squirrel, nuts were money, and your cheeks the journal, what would you consider to be the ledger? What would this allow you to do with the nuts stored in your cheeks?



18. What advantages does a paper and pencil workbook give over a computerized spreadsheet when performing accounting operations? What advantages does the computerized spreadsheet provide?

bellringer - 1.27.10

15. Create a graphical representation (on your Pages document) of the four (including T-accounts) parts of the Accounting Cycle that we have discussed thus far.



16. Get a piece of computer paper, a pencil, and coloring utensils. Then draw the Accounting Cycle found on page 208. (detail and neatness are highly encouraged and recommended)

bellringer - 1.25.10

13. When should you prove cash? ______________ To prove cash, compare the _________ __________ with the cash balance in the ___________ ______________. If the two balances _____________, cash is proved.

14. The source document for a correcting entry is the _________________.

bellringer - 1.21.10

11. Please list the steps involved in the process of posting to a general ledger.



12. Please properly match (pair up) the following terms:

BUSINESS TRANSACTION
GENERAL LEDGER
GENERAL JOURNAL
ASSET
POSTING
PREPAID INSURANCE
RECORDING
T-ACCOUNTS

bellringer - 1.19.10

9. Please list the three parts of the Accounting Cycle that we have covered or are covering to this points (I'd actually like you to list four parts, even though one of these is not technically part of the cycle). The Accounting Cycle may be found on page ___ of your book.



10. What are the two steps involved in opening an account. (Hint: they are extremely difficult.)

bellringer - 1.14.10

7. Where is Haiti? What is its capital? What is its language?

8. This country is the ___________ in the western hemisphere? What happened there almost two days ago?

bellringer - 1.12.10

5. According to the book, the account number 150 would represent _______________.



6. Why are there two debit and two credit columns on a general ledger?

bellringer - 1.6.10

3. How many chart of account divisions are there in the general ledger? What are they?



4. What is the procedure for arranging account numbers and keeping records current?

bellringer - 1.4.10

1. What does it mean to post?



2. To where do we post at this stage of accounting?