bellringer - 11.30.10

33. Place the name of each of the source document initials below.

C1
R1
S1
M1
T1

34. It what instance might an accountant use C1 as a source document for a transaction yet not have the check in question? In this instance, which account would be credited?

bellringer - 11.23.10

31. Open the General Journal you created on Pages. Compare it to the one on page 66 of your book. How many headings are there on the General Journal?



32. Of the five source documents we've discussed, which one is usually an indicator that the purchase was made on account (i.e. Accounts Receivable will be used as the debit instead of cash)? If Accounts Payable were the debit, who would be the purchaser?

bellringer - 11.19.10

29. What is the accounting concept that is applied when a source document is prepared for each transaction?



30. ________ and ________ _________ and ______________ ____________ are not used when writing amounts on ruled accounting paper.

bellringer - 11.17.10

27. What is the Latin word for journal?



28. Please list at least four source documents?

bellringer - 11.15.10

25. Have you ever kept a journal? If so, did you use a specific format when writing?



26. In the double entry system of recording to the general journal, which part of the business transaction is listed first?

bellringer - 11.11.10

23. For this bellringer, you must come up with an analogous phrase using: debit, credit and two accounts.



24. For this bellringer, you must come up with an acronym for T ACCOUNT that has a business or accounting theme  to it. For example, BELLRINGER might stand for Be Early Listen Learn Remember Information Necessitate Greatness Earn Respect. I'm sure you can do better than that one, but I hope you get the idea.

bellringer - 11.9.10

21. As a quick review, a T account allows for the ________________ of a business ________________.



22. Another quick review, a T account is divided into _________ side and a _________ side with the ____________ title on top.

bellringer - 11.5.10

19. Which two T accounts would you use to examine a credit card balance?



20. Of the accounts we have learned thus far in the book, are there more with a normal balance of a debit or with a normal balance of a credit?

bellringer - 11.3.10

17. For this bellringer, please write the directional turns someone might take to go from this room to lunch. The catch is that you may only use the following words to do so: take a, go straight, debit, credit, decrease, the stairs.



18. Who am I? "I'm a right wing necessity that increases potential but abnormally decreases in order to keep a proper balance, thus, regulating a word that rhymes with bet."